Major US stock indices fell significantly following the session

Major US stock indexes finished trading in negative territory amid a sharp fall in the shares of the so-called group of technology companies "FAANG", while the growth in yield on 10-year bonds also increased pressure on the market.

Investors also analyzed statistics on the United States. As it became known, housing prices in the US in February rose by 0.6% compared to the previous month, according to the housing price index (HPI) from the Federal Agency for Housing Finance (FHFA). The previously announced increase of 0.8% in January was revised to 0.9%. From February 2017 to February 2018, housing prices rose by 7.2%.

At the same time, the index of consumer confidence from the Conference Board grew in April, after a decline in March. The index now stands at 128.7 (1985 = 100), compared with 127.0 in March. The index of the current situation increased from 158.1 to 159.6, and the index of expectations improved from 106.2 last month to 108.1 this month.

In addition, the US Department of Commerce reported that sales of new homes increased by 4.0%, to a seasonally adjusted annual figure of 694,000 units. The sales pace in February was revised to 667,000 units from the previously announced 618,000 units. Data for January were also revised to show that sales remained unchanged, but not decreased. Economists predicted that sales of new homes increased by 1.9%, to 630,000.

Most components of the DOW index recorded a decline (24 out of 30). Outsider were shares of 3M Company (MMM, -6.91%). Leader of growth were shares of Verizon Communications Inc. (VZ, + 1.69%).

Almost all sectors of S & P finished trading in the red. The largest decrease was registered in the sector of industrial goods (-2.8%). Only the utilities sector grew (+ 0.2%).

At closing:

Dow 24,024.13 -424.56 -1.74%

S&P 500 2,634.56 -35.73 -1.34%

Nasdaq 100 7,007.35 -121.25 -1.70%