Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US stock market demonstrates growth


August, 05 2021
watermark Economic news

On Thursday, futures for US stock indices are growing moderately in anticipation of internal statistics, which may indicate the state of the world's largest economy.


So, the futures on the Dow Jones Industrial Average (DJIA) grew by 0.22% – up to 34,792 points, on the NASDAQ high-tech index – up to 15112.25 points, on the S&P 500 broad market index – up to 4407.25 points.


Markets today await fresh statistics from the US on the labor market and foreign trade. In particular, the Ministry of Labor is to publish data on the number of initial applications for unemployment benefits in the country over the past week. Analysts predict a decrease in the indicator to 384 thousand from 400 thousand a week earlier.


In addition, the Ministry of Trade will present data on the state of the trade balance in the country. According to experts' forecasts, the trade deficit increased in June to $ 73.9 billion from $ 71.2 billion a month earlier.


In general, experts are optimistic about the stock market prospects, including against the backdrop of strong financial performance of large American companies. Analysts expect that the stock markets may continue to grow next year, which will be 5-10%.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.