The previous week began for the US stock market in the negative zone amid the fall in the shares of the technology sector and the health sector, as well as increased fears of the markets regarding the worsening situation in the Middle East after accusations against Iran.

Certain influence on the dynamics of trading was provided by US statistics. The index of purchasing managers in Chicago increased by 0.2 points to 57.6 in April, cutting off the three-month negative trend. In April, business activity continued to grow at a solid pace, while the growth of business operations accelerated for the first time this year. 3 of the 5 components of the index fell, only the sub-indices of products and supplies of suppliers increased. In addition, the index of unfinished transactions for the sale of housing from the National Association of Realtors (NAR) rose in March by 0.4% to 107.6. The index rose for the second month in a row, but remained the third consecutive month below the level of the previous year. Economists expected the increase in the index by 0.6%.

The next day, the market moved to growth mainly due to significant rise in the price of the shares of conglomerates. Market participants again paid attention to the US data. A report from the Institute for Supply Management showed that in April, activity in the US manufacturing sector decreased more than forecasted. The PMI index for the manufacturing sector fell to 57.3 points from 59.3 points in March. It was expected that the figure would drop to 58.3.

On Wednesday, the main US stock markets finished trading in the red zone, due to strong fall in the shares of the health sector, as well as the results of the meeting of the US Federal Reserve. As expected, the regulator left a key interest rate in the range of 1.5% -1.75%. In the accompanying statement, the Central Bank noted a slowdown in household spending compared to the high rate of the fourth quarter, but pointed to the continued strong growth of companies' investments in fixed assets. Also, the Fed noted a strong increase in the number of jobs. As for inflation, it was stated that the annual indicator approached the target level of the Central Bank, which is 2%. In general, the Fed's rhetoric allows investors to count on raising rates during the June meeting.

On Thursday, the major US stock indexes mostly fell, as investors were wary of the results of trade talks between the US and China.

The week ended with significant increase, caused by the increased expectations that a slow rise in wages against a record low unemployment will force the Fed to slow the rate hike. The US Department of Labor reported that the economy was steadily creating jobs in April, and the unemployment rate fell to the lowest level since the end of 2000, indicating that available workers are becoming a rarity in the hard labor market. Employers added 164,000 jobs in April, more than in March, and more than enough to keep up with the population growth. The unemployment rate fell to 3.9% from 4.1% a month earlier, reaching its lowest level since December 2000. Economists expected 192,000 new jobs in April, and the unemployment rate fell to 4%.

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