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US indices are growing after the release of macro statistics


Jún, 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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.