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American indices break records on the US statistics


June, 24 2021
watermark Economic news

Major US stock indexes are growing on Thursday, updating all-time highs, on the back of the released macroeconomic data for the country.


Thus, the Dow Jones Industrial Average (DJIA) grew by 0.81%, to 34149.32 points, the NASDAQ high-tech index – by 0.81%, to 14390 points, the S&P 500 broad market index increased by 0.56%, to 4268.53 pips. The NASDAQ and S&P have reached their all-time highs.


The optimism in the markets was caused by the statistics from the USA, which supported analysts' hopes for a speedy economic recovery. In particular, the US GDP in the first quarter, according to the final estimate, grew by 6.4% on an annualized basis, which coincided with the forecasts of experts.


In addition, the number of applications for unemployment benefits in the United States over the past week decreased by 7 thousand compared to the revised figure of the previous week – to 411 thousand. At the same time, the total number of those receiving unemployment benefits fell to 3.39 million, which is the minimum since March 21, 2020.


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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.