US stock market met еhe beginning of the previous week with decline as reaction to the disappointing forecasts from technological and Internet companies.

Investors also prepared for the continuation of the reporting season and meetings of a number of Central Banks. The National Association of Realtors reported that in June, as a whole, unfinished transactions for the sale of housing increased in all four major regions, but overall activity fell behind the level of the previous year for the sixth month in a row. The index of unfinished housing transactions, the forecast figure based on the signing of contracts, rose by 0.9% to 106.9 in June from 105.9 in May.

The next day the situation was leveled: the technological sector moved to recovery, and the stock market moved to growth. Market participants positively perceived the news that the US and China were trying to resume negotiations in order to prevent a trade war between the two largest economies of the world. The focus was again on the United States. As it became known, consumer spending in the US increased significantly in June, as households spent more on restaurants and housing. The Ministry of Trade reported that consumer spending grew by 0.4%. The increase in consumer spending last month was in line with expectations.

On Wednesday, the market again swung in the opposite direction and the main US stock indexes finished trading mostly in the red. The main reason was the fall in the shares of the energy and manufacturing sectors, which compensated for the restored quotes of the technology sector. Pressure on the market also raised concerns about additional US duties on Chinese goods, as well as rising yields on US bonds. The market was also influenced by the results of the Fed meeting. As expected, the range for interest rates remained unchanged, while a positive assessment of the economy was made, which signaled a probable increase in rates at the next meeting. Especially, there was an increase in jobs and investment and household expenditures. In general, the Fed used the word "strong" or its synonyms six times to describe the state of the economy and the situation in the labor market.

On Thursday, the major US stock indexes ended the session mostly in positive territory, as a significant rise in the price of Apple shares gave an impetus to the technology sector, and helped to compensate for the negative effect of the escalating trade tension between the US and China. The data for the country also supported the indices. As it became known, new orders for goods produced in the US grew in June, but the plans for business expenses for equipment were not as strong as originally thought, which suggests a further slowdown in the third quarter. Orders for factory goods increased by 0.7%, which was supported by a high demand for transport equipment, electrical equipment, household appliances and components, computers and electronic products. In May, orders rose by 0.4%.

The week ended in the "green zone" after the publication of strong reports. The Ministry of Labor reported that the rate of hiring in the US slowed slightly in July, but remained solid, and the unemployment rate declined, indicating that the labor market remains in expansion mode. In July, the number of jobs in the non-agricultural sector increased by seasonal fluctuations of 157,000 people. Experts expected the increase of 190,000. The unemployment rate fell to 3.9% from 4.0%, which coincided with expectations.

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