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US indices are growing after the release of macro statistics


June, 27 2023
watermark Economic news

On Tuesday, the main US stock indexes are showing growth after the publication of a number of economic data.


The Dow Jones Industrial Average rose 0.31% to 33,818.12 points, the NASDAQ high-tech index rose 0.5% to 13,402.62 points, and the S&P 500 broad market index rose 0.35% to 4,344.03 points.


The upward momentum of the market was given by fresh economic statistics on the United States. Traders drew attention to the fact that the consumer confidence index in June rose to 109.7 points compared with the revised May index of 102.5 points. This figure was the highest since January 2022.


In addition, sales of new homes in the United States in May unexpectedly increased to 763 thousand compared with the revised April figure.


Investors are also waiting for the final data on US GDP growth for the first quarter, which will be published on Thursday. Analysts suggest that the US Department of Commerce will raise the estimate to 1.4% compared to the value of the interim estimate of 1.3%. The initial estimate was 1.1%.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.