Sumber: @Pixabay
In today's trading Tuesday (18/5/2021), the United States stock exchange was open varied, largely due to poor home sales data. Current home sales data indicates that the economic recovery has not fundamentally been achieved.
Quoted from data from the United States Department of Commerce, US home sales fell 9.5% (yoy) to 1569 million units in April.
Sumber: @Pixabay
From the Dow Jones Index, it was observed that it rose 40.6 points (+ 0.12%) not long after that it turned back to minus 14.6 points (-0.04%) to 34,313.23. Meanwhile, the S&P 500 declined by 3.1 points (0.07%) to 4,160.23 and the Nasdaq grew 30.5 points (+ 0.23%) to the level of 13,409.53.
In addition, the increase in inflation that exceeded the central bank projections of the Fed triggered concerns that monetary policy will be tightened more quickly than previously estimated.
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