Major US stock indexes finished trading below the zero mark

The major US stock indexes finished trading in the red after the US president canceled the planned summit with North Korean leader Kim Jong-no.

Trump said that he canceled the June 12 summit "on the basis of great anger and open hostility" in Kim's recent statement, though noting that he hopes to meet with Kim Jong-un someday.

Investors also estimated data on the US. The US Department of Labor reported that the number of Americans applying for unemployment benefits rose again last week, but remained at historically low levels. Initial applications for unemployment benefits, the indicator of layoffs in the US, increased by 11,000 to 234,000, seasonally adjusted for the week to May 19. Economists were expecting 220,000 new applications. This was the second consecutive weekly growth, pushing the number of applications to their maximum level since the end of March. The four-week moving average increased last week by 6,250 to 219,750. The number of repeated applications for unemployment benefits increased by 29,000 to 1,741 million in the week to 12 May. However, the four-week moving average of repeated applications was at a minimum since December 1973 - when the US workforce and population were much smaller than today.

However, the National Association of Realtors said that home sales in the secondary market fell in April, both monthly and yearly, after rising for two consecutive quarters. Total secondary home sales fell 2.5 percent to seasonally adjusted to 5.46 million in April from 5.60 million in March. Taking into account the decrease last month, sales are now 1.4 percent lower than a year ago, and fall year on year for two consecutive months. The average current home price for all types of housing in April was $ 257,900, which is 5.3 percent more than in April 2017 ($ 245,000). The growth in March is the 74th consecutive month of annual increase in prices. Total housing stock in late April increased by 9.8 percent to 1.80 million existing homes available for sale, but still 6.3 percent lower than a year ago (1.92 million), and decreased compared with the previous year for 35 consecutive months.

Most of the components of DOW finished trading in the red (23 of 30). The leader of growth was shares of General Electric Company (GE, + 2.79%). Outsider were shares of Exxon Mobil Corporation (XOM, -2.23%).

Most S & P sectors recorded a decline. The largest drop was shown by the commodity sector (-1.6%). The sector of conglomerates grew the most (+ 0.5%),

At closing:

Index

Dow 24,811.76 -75.05 -0.30%

S&P 500 2,727.76 -5.53 -0.20%

Nasdaq 100 7,424.43 -1.53 -0.02%