Analytics, News, and Forecasts for CFD Markets: stock news — 31-05-2017.

Major US stock indexes fell slightly as financial stocks fell in price as JPMorgan and Bank of America hinted at weak revenue in the current quarter.

The focus was also on the Fed's Beige Book. It reported that in some regions of the US there was a slowdown, and some companies have become less optimistic about their prospects. According to the Federal Reserve, the economic growth in 7 regions was modest, with moderate growth in 4 regions. The companies were still positive about their prospects, although some were less optimistic compared to the earlier period this year. The demand for labor in the regional labor markets continued to grow, and in most regions there was a shortage of workers in an increasingly wide range of occupations.

In addition, according to the National Association of Realtors, unfinished transactions for the sale of housing in April fell for the second month in a row and decreased compared to the previous year at the national level and in four main regions. The expected domestic sales (PHSI) index, the forecast figure based on the signing of the contract, in April fell by 1.3% to 109.8 from the revised level of 111.3 in March. In April, the index was 3.3% lower than last year, which is the first annual decline since December and the biggest decline since June 2014 (7.1%).

Oil prices fell by about 3% to a 3-week low, as news that oil production in Libya has recovered from technical problems has increased concerns that OPEC's efforts to cut production may be leveled by producers who do not participate in the Deal.

Components of the DOW index showed mixed dynamics (13 in negative territory, 17 in positive territory). Most fell shares of The Goldman Sachs Group, Inc. (GS, -3.46%). Leader of growth were the shares of Pfizer Inc. (PFE, + 1.63%).

The S & P indexes closed mixed. The sector of main materials fell most of all (-0.5%). The leader of growth was the healthcare sector (+ 0.5%).

At closing:

DJIA -0.09% 21,011.15 -18.32

Nasdaq -0.08% 6,198.52 -4.67

S & P -0.04% 2.411.93 -0.98

U.S. stock-index futures were rose moderately amid tumbling oil prices and reports that President Trump had decided to pull out of the Paris climate accord.

Stocks:

Nikkei 19,650.57 -27.28 -0.14%

Hang Seng 25,660.65 -40.98 -0.16%

Shanghai 3,117.48 +7.42 +0.24%

S&P/ASX 5,724.57 +6.69 +0.12%

FTSE 7,578.24 +51.73 +0.69%

CAC 5,331.54 +25.60 +0.48%

DAX 12,690.07 +91.39 +0.73%

Crude $48.65 (-2.03%)

Gold $1,268.10 (+0.18%)

(company / ticker / price / change ($/%) / volume)

European stocks dropped almost across the board on Tuesday, with banks leading the charge lower after a broker downgrade and concerns over a potential early election in Italy. Renewed concerns that Greece may not make its next debt repayment also weighed on investor sentiment in Europe.

U.S. stocks closed moderately lower Tuesday as energy shares weighed on Wall Street, helping to halt a seven-session streak of advances for the S&P 500 and Nasdaq Composite. However, the overall slump in equities didn't prevent a record-setting performance by a handful of technology shares. Overall, market activity was muted following the three-day weekend in observance of Memorial Day, with trading volume relatively light.

Asian stocks climbed on Wednesday, capping a fifth consecutive month of gains, as data showed China's factory activity grew at a steady clip this month, bucking expectations of a slowdown.