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American equity markets bounce back Tuesday

The US Stock market experienced a positive opening Tuesday after yesterday stark pullback that left all indices trading in the red. In the United States, the Redbook Index (YoY) reported a growth of +1.5% in January 27, relative to +1.6% previously. Moreover, the Redbook Index (MoM) contracted -0.6%, from -0.5% previously.

Beginning with the indices and composites, the NASDAQ rose +0.33% as it settles in region of 3141.57, up +10.39 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1505.01, ascending +9.33 points or +0.62% at the time of writing. Finally, the Dow Jones has moved higher at the opening as well, trading in the zone of 13959.26, presently +0.17% after a jump of +78.19 points.

Sectors are all trading in the green at the opening, however the Healthcare and Consumer non-cyclical sectors have distinguished themselves as the winners thus far, climbing +0.76% and +0.64% respectively. In other news, the price of crude has settled above USD $96.86 Tuesday.

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The Australian Dollar is under-performing broadly following the overnight RBA decision of leaving policy on hold, as expected, as the clear dovish bias of the accompanying statement leaves the door  open to lower rates.
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