US equities drop on geopolitical concerns, war imminent?

FXstreet.com (New York) – The US stock market experienced a negative opening Tuesday, hurt by ongoing allegations of intervention with Syria and slowing US housing prices.

In the United States, S&P/Case-Shiller Home Price Indices (YoY) came in at +12.1% in June, beating estimates of +12.0%. In addition, the Redbook Index (MoM) grew by +0.3%, compared to a figure of +0.2% previously. Finally, the Redbook Index (MoM) yielded a figure of +3.8%, relative to +3.4% previously.

Beginning with the indices and composites, today the NASDAQ fell -0.82% as it settles in region of 3626.91, down -29.99 points in these moments. In addition, the …read more