American stock indices (as well as futures on them) are trading in the red zone today. The indices are weakening amid poor economic stats, including weak retail sales. In particular, March’s retail sales in the USA shrank by 0.4%. This is the biggest monthly decline since June 2012.
The current market situation looks as follows:
· Dow Jones Industrial Average: - 0,12% down to 14848,01.
· Standard & Poor's 500: - 0,27% down to 1589,15.
· Nasdaq Composite: - 0,15% down to 3295,12.
At the same time the stock of JP Morgan Chase & Co., the biggest US bank, is down by 0.3%.
The chart below, courtesy of , reflects the current state of affairs in the market of IMANX:
