New York Stock Exchange experienced its largest fall Tuesday three weeks, paradoxically on good macro news. Comments from the Federal Reserve also provides expectations of a rate hike this year.
The Dow Jones ended down 1.04 percent to 18,042.87, while the broader S & amp; P 500 index fell 1.03 percent to 2104.23.
Technology Heavy Nasdaq could point to a drop of 1.11 percent to 5,032.75.
A stronger dollar sent energy and commodity sector down.
Time Warner Cable Inc. rose 7 percent after it became known that Charter Communications Inc. has agreed to acquire the company for $ 55 billion in cash and stock.
new housing sales
Figures from the US government showed on Tuesday that sales of new homes in the US rose 6.8 percent in April to a seasonally adjusted annual rate of 517,000 units.
The consensus was, according to Reuters an annual rate of 490,000 units sold.
Consumer confidence
The US consumer confidence index ended at 95.4 in May.
According to CNBC was expected in advance an index of 96.1.
Consumer confidence was 95.2 in April.
orders
New orders for durables in the US fell by 0.5 percent in April.
Exclusive transportation orders rose by 0.5 percent.
According to CNBC it was expected that new orders for durables on a monthly basis would be down 0.2 percent.
House prices
The US FHFA-house price index ended up 1.3 percent in the first quarter of 2015.
From February to March, the index is up 0.3 percent.
It was expected in advance increase of 1.4 percent in the quarter and 0.7 percent over the month.
FHFAs (Federal Housing Finance Agency) house price index covers the market for single-family homes based on data from Freddie Mac and Fannie Mae.
No comments:
Post a Comment