Key New York Stock Exchange indices declined in Tuesday's trading session. The correction followed gains on Monday, with investors waiting for a new batch of corporate reports.
According to data posted on the trading site's website, the US Dow Jones Industrial Average fell 96.95 points (0.29 per cent) to stand at 33,430.24 points. The S&P 500 index lost 3.97 points (0.10%) to 4,073.94 points. The Nasdaq electronic exchange index fell 7.21 points (0.05%) to 13,698.38 points.
According to one of the analysts of Goldman Sachs bank, investors took a pause after the earlier growth of quotations. The Dow Jones and S&P 500 made new highs in trading on Monday on the back of positive labour market sentiment. "Even with all the good news and with the S&P 500 up 8.5% YTD, it's time for markets to consolidate, they are waiting for the next batch of news corporate reports for the first quarter of 2021", CNBC quoted the analyst as saying.
"We are optimistic", said investment specialist Allianz Investment Management, referring to the upcoming release of corporate reports. "We think that the data on financial results will be quite positive", she was quoted as saying by The Wall Street Journal. believes that the measures adopted in the USA to stimulate the economy should have a positive effect.
WTI crude rose in price and the price of energy supplies rose $0.55 (0.94%) to $59.20 in May.