U.S. stock exchanges closed in different directions
U.S. stock indices on Tuesday closed mostly in the red. The S&P 500 lost 0.049%, the NASDAQ - The S&P 500 lost 0.049%, the NASDAQ gained 0.089% and the Dow Jones rose 0.13%. On Monday trading in the U.S. The United States did not hold trading on Monday in connection with the national holiday - Memorial Day. Memorial Day. Yesterday the indices were positively influenced by the economic data on the manufacturing sector, which exceeded expectations analysts. The industry index of business activity of ISM Manufacturing in May showed an increase of 0.5%, amounting to 61.2% (for comparison, in April this indicator was equal to 60.9%). According to Kingsview Asset Management portfolio manager Management portfolio manager Paul Nolte, there is currently no reason to sell The positive dynamics in the market will persist if the Fed does not decides to reduce buybacks and investors don't start risk. If the current scenario is preserved, the value of shares will grow, the expert is sure. His opinion leads Bloomberg agency.