Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US stock indexes fell by more than 1%


August, 16 2023
watermark Economic news

US stock exchanges closed in the red on Tuesday, with the S&P 500 index falling to its monthly low. Investors were affected by negative data from China, worsening their attitude to risky assets. 


At the same time, the report on the growth of retail sales in the United States for July exceeded analysts' forecasts, which raised concerns about a possible tightening of the monetary policy of the Federal Reserve System. The increase in sales was 0.7% on a monthly basis – the fastest pace in the last six months. At the same time, economists expected growth of 0.4%. Experts note that the new economic data confirmed the stability of the US economy even with a tougher policy of the Central Bank.


Also on Tuesday, the US Department of Labor reported the highest increase in import prices since May 2022. In July, they increased by 0.4%, while in the previous month they decreased by 0.1%. The annual growth in July was -4.4%, which is less than in the previous month (-6.1%).


Thus, a combination of weak economic indicators, concerns about the Fed's monetary policy and potential risks in the banking sector has led to a deterioration in sentiment in the US stock markets.


Following the results of yesterday's trading day, the Dow Jones index fell by 1.02%, closing at 34946.39 points. The Standard & Poor's 500 lost 1.16%, stopping at 4,437.86, and the Nasdaq Composite declined 1.14%, closing at 1,3661.05 points.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
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.
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.