The US stock market began the previous week with growth, because of the dynamics of shares of industrial companies, which reacted to the easing of trade tensions between the US and China.

US Treasury Secretary Mnuchin said that following the results of the talks, Washington and Beijing put the trade war "on pause." According to the agreements reached, the parties agreed to suspend the increase in duties while working on a broad trade agreement, under which China will increase the import of energy and agricultural products from the US to reduce the trade deficit with the United States.

On Tuesday, the shares of the sector of conglomerates and industrial goods went down, pulling the entire stock market, which finished the auctions in negative territory. President of the United States Donald Trump expressed dissatisfaction with the results of trade negotiations with China, specifying, however, that this is only the beginning and noted that the summit of the United States and North Korea "may not take place on June 12". Trump said that he requires certain conditions for the summit, and added that Kim Jong-un is seriously attuned to the summit.

The next day, the main US stock indexes moved to growth due to lower bond yields after the publication of the minutes of the Fed meeting, from which the possibility of a rate hike followed in June. "If the dynamics of growth will meet expectations," probably, it will soon be expedient to take another step " towards higher rates, the document says.

On Thursday, the stock market once again moved down after the cancellation of the planned summit of the leaders of the United States and North Korea.
In addition, investors reacted to data on the United States. The National Association of Realtors said that home sales in the secondary market fell in April, both monthly and year-on-year, after rising for two consecutive quarters. The total volume of home sales on the secondary market fell by 2.5% to seasonally adjusted to 5.46 million in April from 5.60 million in March. Taking into account the decrease last month, sales are now 1.4 percent lower than a year ago, and fall year on year for two consecutive months.

The week ended with a moderate decline in the Dow Jones and S & P 500, as a sharp fall in oil prices affected energy stocks. At the same time, the high-tech Nasdaq has grown slightly. The final research results presented by Thomson-Reuters and the Michigan Institute showed that in May US consumers felt more pessimistic about the economy than last month. According to the data, the consumer sentiment index eased to 98.0 as compared to the final reading for April 98.8 and the preliminary value for May 98.8. It was expected that the index will be 98.8.

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