Major US stock indexes ended the session in different directions, as Wal-Mart and other retailers fell after the largest acquisition for Whole Foods Market (WFM) for Amazon.com for $ 13.7 billion.
In addition, the pressure on the market had weak data on the housing market and the mood of US consumers. As it became known, the construction of new houses fell in May for the third month in a row, although builders are optimistic about the economy, perhaps this is a sign that the shortage of skilled workers is holding back the industry. The pace of new home construction fell by 5.5% to 1.09 million per annum, which is the lowest level in eight months. Economists predicted that the bookmarks for new homes would be 1.22 million.
However, the preliminary results of the studies presented by Thomson-Reuters and the Michigan Institute showed that the mood sensor among American consumers fell in June more than the average predictions of experts assumed, and reached a minimum value since November 2016. According to the data, in June the consumer sentiment index fell to 94.5 points compared to the final reading for May at the level of 97.1 points. According to average estimates, the index had to decrease to the level of 97 points.
Most components of the DOW index closed mixed (15 in positive territory, 15 in negative territory). Most fell shares of Wal-Mart Stores, Inc. (WMT, -4.65%). The leader of growth was shares of Chevron Corporation (CVX, + 1.68%).
Most sectors of the S & P index showed an increase. The leader of growth was the sector of basic materials (+ 1.1%). Most of all fell the sector of consumer goods (-0.4%).
At closing:
Dow + 0.11% 21,384.42 +24.52
Nasdaq -0.22% 6.151.76 -13.74
S & P + 0.03% 2.433.14 + 0.68
© 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.