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US stock market demonstrates growth


August, 05 2021
watermark Economic news

On Thursday, futures for US stock indices are growing moderately in anticipation of internal statistics, which may indicate the state of the world's largest economy.


So, the futures on the Dow Jones Industrial Average (DJIA) grew by 0.22% – up to 34,792 points, on the NASDAQ high-tech index – up to 15112.25 points, on the S&P 500 broad market index – up to 4407.25 points.


Markets today await fresh statistics from the US on the labor market and foreign trade. In particular, the Ministry of Labor is to publish data on the number of initial applications for unemployment benefits in the country over the past week. Analysts predict a decrease in the indicator to 384 thousand from 400 thousand a week earlier.


In addition, the Ministry of Trade will present data on the state of the trade balance in the country. According to experts' forecasts, the trade deficit increased in June to $ 73.9 billion from $ 71.2 billion a month earlier.


In general, experts are optimistic about the stock market prospects, including against the backdrop of strong financial performance of large American companies. Analysts expect that the stock markets may continue to grow next year, which will be 5-10%.


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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.