Right down on the New York Stock Exchange

In 18-hour Norwegian time, the Nasdaq index is down 0.1 percent and stands at 12,123 points while the Dow Jones stands at 33,078 points after a decline of 0.4 percent. The S&P 500 falls 0.4 percent to 4,143 points.

According to CNBC, activist investor Nelson Peltz will join Unilever in July. The stock is up 8.8 percent.

The S&P Case-Shiller index shows that house prices in 20 metropolitan areas in the US increased by 21.2 per cent year-on-year in March. According to Trading Economics, an increase of 20 percent was expected.

The ten-year US government bond yield is 2.85 percent while the VIX index, also called the fear index, rises 5.3 percent to 27.94.

“Hauken Waller (Fed) has been out and argued that the Fed should continue to raise interest rates by 50 points in a row, until inflation begins to approach the inflation target again. However, this is not the majority view in the Fed, where they rather envisage double interest rate increases in June and July, and then be able to take a more flexible stance later in the autumn “, Handelsbanken writes in an update.

Economists expect the Fed to raise interest rates in more normal steps, ie 25 basis points, from the September meeting.

On Monday, the New York Stock Exchange closed as a result of Memorial Day.

Indexes

The Chicago Purchasing Index Chicago PMI ended at 60.3 in May, while an index of 55.0 was expected.

Consumer confidence in the US was higher than expected. The US Consumer Confidence Index was 106.4 in May. An index of 103.9 was expected in advance, according to Trading Economics.

read more  There are 4 advantages of the Samsung Galaxy A13 cellphone, check the full price and specifications here

Last updated at 18:00

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Never miss any important news. Subscribe to our newsletter.