News Headline Summary

US EQUITY WRAP

US equities closed the session in negative territory following the less dovish than expected minutes from the FOMC. With the FOMC minutes hinting at QE being conducted over a shorter time frame than initially expected, equity markets pared the minor gains seen since the open after better-than-expected ADP employment data. Only the Healthcare and Utilities sectors settled in the green with Technology the worst performing US sector, down 0.78%. In individual stocks news, Family Dollar Stores is the worst performing stock in the S&P 500 after missing street expectations in their earnings release pre-market and cutting their year EPS forecast, closing the session down over 13%. The outperforming stock in the US is Ross Stores after the company boosted their Q4 EPS forecast and December comp store sales topped estimates. Finally, the DJIA finished down 0.16% at 13,391.28, the S&P 500 finished down 0.21% at 1459.35 and the NASDAQ 100 finished down 0.52% at 2732.26.

Print 21:05, 03 Jan 2013 - US Equities - Source: RANsquawk