US stocks stay relatively calm, post small gains on Thursday. 5 out of 11 major S&P 500 sectors trade in negative territory. US economy is expected to contract by 5% in first quarter. Major equity indexes opened modestly higher on Thursday as investors seem to be taking a step back while assessing the latest macroeconomic data releases from the US. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.2% on the day and the Nasdaq Composite was flat at 9,442 points. Energy shares underperform The US Bureau of Economic Analysis’ second estimate showed that the real Gross Domestic Product is expected to decline by in the first quarter of 2020. This reading came in worse than the previous estimate and the market expectation of -4.8%. Other data revealed that 2.1 million American applied for unemployment benefits in the week ending May 23rd and Durable Goods Orders fell by 17.2% in April to beat analysts’ forecast for a decline of 19%. Among the 11 major S&P 500 sectors, the Energy Index is down 1% on the day as the top-decliner. On the other hand, the defensive Utilities Index is up nearly 2%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF refreshes session lows, around 0.9670 amid notable USD supply FX Street 3 years US stocks stay relatively calm, post small gains on Thursday. 5 out of 11 major S&P 500 sectors trade in negative territory. US economy is expected to contract by 5% in first quarter. Major equity indexes opened modestly higher on Thursday as investors seem to be taking a step back while assessing the latest macroeconomic data releases from the US. As of writing, the Dow Jones Industrial Average and the S&P 500 were both up 0.2% on the day and the Nasdaq Composite was flat at 9,442 points. Energy shares underperform The US Bureau of Economic Analysis' second estimate showed that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
