US stocks mostly rise after domestic statistics

February 18. US stocks mostly rise after domestic statistics

According to trading data, American stock indices are mainly growing on Friday after strong statistics on the real estate market.

The number of transactions for the purchase and sale of housing in the US secondary market in January unexpectedly increased by 6.7% compared to December – up to 6.5 million. Analysts, on the contrary, predicted a decrease in the index.

An additional factor in the growth of the stock market was a technical correction. Indices fell 2-3% yesterday amid continued uncertainty and political tensions on the Russian-Ukrainian border.

So, the Dow Jones industrial index grew by 0.19% to 34378.27 points, the NASDAQ high-tech index decreased by 0.06% to 13708.54 points, and the S&P 500 broad market index increased by 0.19% to 4388.8 points.

In addition to internal statistics, traders are evaluating a number of corporate news today. Shares of video-streaming company Roku plunged 22% after the company reported that supply chain disruptions were impacting its sales. Fast food restaurant chain Shake Shack lost 3% on lower-than-expected earnings last quarter.

Next week, attention should be paid to the second estimate of US GDP growth. Experts expect that in the fourth quarter the US economy grew by 7%, and not by 6.9%, as shown by the preliminary estimate.