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On Wednesday, American stock indices dived due to a new round of geopolitical as well as foreign trade risks. Indicators 9 of the 11 major industry groups of the S&P 500 index tumbled during the auctions, most significantly. These were the group of industrial and also raw materials companies.
The Dow Jones Industrial Average index sank by 0.27% and accounted for 24768.49.
Standard & Poor's 500 went down by 0.2% reaching 2718.99.
Nasdaq Composite declined 0.13% and amounted to about 7369.09.
President of the United States Donald Trump told yesterday that his highly anticipated meeting with the leader of the DPRK Kim Jong-no can be delayed to a later date.
Traders also paid attention to the minutes of the gathering of the Federal Open Market Committee from May 1-2 that will be made public soon.
In addition, market participants paid attention to budget stimulation. The day before, Trump told that his administration is preparing an extra tax cut that will be uncovered before November this year.
Statistics, published on Wednesday, pointed to a more considerable than expected slump in sales of new buildings in the United States the previous month.
In April, sales of new homes in the United States went down by 1.5% compared to the previous month and accounted for 662 thousand houses in annual terms, as the Ministry of Trade of the country informed. The March indicator was updated down to 672 thousand from 694 thousand houses. Additionally, Wall Street analysts on average expected a dive in sales of new buildings in April to 682 thousand homes.
Caterpillar and 3M appeared to be among the leaders of the dive on Wednesday, losing respectively 0.2% and 0.6%.
Comcast's share price went down by 1.7%.
Walt Disney headed south by 1.4%, Fox rallied by 1%.
On Thursday, Intel reported the revenue of $20.21 billion and EPS of $1.52, beating analysts’ expectations of $19.23 billion and $1.25 respectively. What's next?
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
You are still in doubt whether it makes sense to trade stocks? Watch this.
A new week brings new trading opportunities
Here we gathered the best and the worst performers of the week and the most volatile pairs .
On Thursday, Intel reported the revenue of $20.21 billion and EPS of $1.52, beating analysts’ expectations of $19.23 billion and $1.25 respectively. What's next?
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