The main US stock indexes finished trading near zero. The negative impact on the mood of investors was provided by data on the US housing market, as well as reports that Trump could give the Russian Foreign Minister secret information concerning the threat posed by the terrorist organization Islamic State.
As it became known, bookings of new houses in the USA unexpectedly fell in April against the background of a constant decrease in the construction of multi-apartment houses and a modest rebound in one-family projects, which indicates a slowdown in the housing market recovery. The Ministry of Housing reported that bookings of new homes fell 2.6% to 1.17 million (seasonally adjusted). This was the lowest level since November 2016, after a downward revision to the level of 1.20 million in March. Economists predicted that last month's bookmarks rose to 1.26 million units from the previously announced level of 1.22 million units in March.
Meanwhile, the optimism of the market has added data on industrial production. The Federal Reserve said that industrial production in April rose at the fastest monthly pace in more than three years, thanks to the broad achievements in the manufacturing sector. According to the data, the volume of industrial production grew by 1% in April, exceeding the consensus forecast of growth economists by 0.3%. This was the fastest growth rate since February 2014.
The components of the DOW index showed mixed dynamics (15 in positive territory, 15 in negative territory). Most fell shares of UnitedHealth Group Incorporated (UNH, -2.06%). The leader of growth was the shares of International Business Machines Corporation (IBM, + 1.53%).
Most sectors of the S & P index finished trading in the red. The conglomerate sector fell most of all (-1.2%). The leader of growth was the technological sector (+ 0.5%).
DJIA -0.01% 20.979.54 -2.40
Nasdaq + 0.33% 6,169.87 +20.20
S & P -0.07% 2,400.64 -1.68
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.