US stocks closed flat on Tuesday after turning to poor performance as investors chose to wait for consumer inflation data scheduled for the second half of the week as investors refrained from making big moves.
Among the major averages, the Dow fell at 34,599.82, hitting a low at 30.42 points or 0.09%. The S & P 500, which hit a four-week high in initial trading, closed at 4,227.26, up 0.74 points (0.02%), while the Nasdaq closed at 13,924.91, up 43.19 points (0.31%).
Investors are on the rise in inflation, despite growing optimism about strong economic growth as vaccines become more widespread and businesses gradually reopen in some parts of the United States. And was reluctant to build a position because the Federal Reserve Board could start discussions on shrinking its assets. Purchasing program.
The US trade deficit narrowed in April, down from the revised $ 75 billion last month to $ 68.9 billion, according to data released by the Commerce Department on Tuesday morning. Economists expected the deficit to shrink from the originally reported $ 74.4 billion last month to $ 69 billion.
Exports increased 1% to $ 205 billion in April, while imports decreased 1.4% to $ 273.9 billion.
According to a report by the National Federation of Independent Business, the US NFIB SME Optimism Index was 99.6 in May 2021, down slightly from the five-month highs of the previous month and well below pre-pandemic levels. Demoralization for the first time this year.
Meanwhile, job vacancies hit a record high in April. According to published data, the United States had 9.3 million vacancies in April, well above the 8.3 million in March.
Data on the US consumer price index for May will be released Thursday. This data is likely to provide some clues about the Fed’s policy cuts. The next meeting of the Federal Open Market Committee will be held on June 15th and 16th.
American Express, Honeywell International, UnitedHealth, Chevron, IBM, Apple and Amgen have made significant profits.
3M, Procter & Gamble, Goldman Sachs, Johnson & Johnson, DuPont, Coca-Cola, Wal-Mart, Microsoft and Merck closed weakly.
Tesla’s stock closed with a negative note, holding back early profits.
In foreign trading, Asian stocks closed almost all the way down on Tuesday as investors waited for US inflation data scheduled for Thursday to show signs of the Fed’s policy outlook.
After a cautious session, European stocks rose and closed as investors digested the latest batch of economic data and proactively looked ahead to US inflation data.Among the main marketThe UK closed at a slightly higher price, France rose slightly and Germany fell slightly. The Swiss market closed in a positive way.
For comments and feedback, please contact us at firstname.lastname@example.org.
U.S. stocks flatten with prudent trading as investors look for inflation data
Source link U.S. stocks flatten with prudent trading as investors look for inflation data