Major US stock indices fell slightly on Friday, as investors held back from taking risky deals on the eve of the first round of the presidential elections in France.
In addition, as it became known today, adjusted for seasonality, the preliminary composite PMI release index from Markit in the US fell to 52.7 in April, compared to 53.0 in March, signaling a further slowdown in production growth in the private sector. The latest reading pointed to the weakest growth since September 2016. The modest growth in the private sector reflected a loss of momentum in the economy of the services sector (preliminary index was 52.5 in April), and manufacturing (preliminary index was 53.4).
At the same time, home sales in the secondary market in the US increased more than expected in March, to the highest level in the last ten years, as more homes appeared on the market and they were quickly bought up by consumers. The National Association of Realtors said on Friday that the volume of home sales in the secondary market grew by 4.4 percent and, subject to seasonal adjustment, reached 5.71 million units last month. Economists forecast sales growth of 2.5% to 5.60 million units in March.
Most components of the DOW index closed in the red (16 of 30). More shares fell shares Verizon Communications Inc. (VZ, -2.33%). The leader of growth was shares of Microsoft Corporation (MSFT, + 1.47%).
Most sectors of the S & P index showed a decline. The conglomerate sector fell most of all (-0.7%). The leader of growth was the utilities sector (+ 0.6%).
At closing:
Dow -0.15% 20.547.76 -30.95
Nasdaq -0.11% 5,910.52 -6.26
S & P -0.30% 2,348.70 -7.14
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.