Most equities finished the session in minor negative territory weighed on by Walmart shares which fell over 4% with news that the Co.’s Feb sales showed the worst monthly start in 7 years attributed to the US payroll-tax expiration. Earlier in the session there was better than expected US data with the Empire Manufacturing figure coming in at its highest level since May whilst the University of Michigan Consumer Confidence also beat expectations to post its highest level since November. The biggest laggard within the S&P 500 sector breakdown was Oil & Gas sector with the energy complex lower across the board with WTI crude futures posting a 1.4% following a weaker than expected US Industrial Production headline figure. Finally, the DJIA finished up 0.06% at 13981.76, the S&P 500 finished down 0.11% at 1519.69 and the NASDAQ 100 finished down 0.21% at 3192.03. Looking ahead, market participants will be looking out for comments from the on going G20 summit. As a reminder the regular S&P 500, NASDAQ, DJIA Mar-13 options expire at 2115GMT/1515CST.
15 Feb 2013 - 21:02 - Energy Geopolitical - Source: RANsquawk
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