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.
03 Jan 2013 - 16:05 - Equities - Source: RANsquawk
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