Major U.S. stock-indexws little changed on Tuesday as strong consumer spending data gave the latest sign of improvement in economic growth and supported the Federal Reserve's stance to increase interest rates in the coming months. Hopes of a rate hike boosted financial companies, while a rise in oil prices pushed energy stocks higher. Data showed U.S. consumer spending surged 1% in April, its biggest increase in more than six years and beating economists' expectation of a 0,7% rise. The personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, rose 0,2% last month.
Most of Dow stocks in negative area (18 of 30). Top looser - The Walt Disney Company (DIS, -1,46%). Top gainer - Caterpillar Inc. (CAT, +1,14%).
S&P sectors mixed. Top looser - Conglomerates (-0,6%). Top gainer - Utilities (+0,4%).
At the moment:
Dow 17819.00 -30.00 -0.17%
S&P 500 2097.00 -0.25 -0.01%
Nasdaq 100 4515.00 +5.00 +0.11%
Oil 49.93 +0.60 +1.22%
Gold 1217.30 +0.60 +0.05%
U.S. 10yr 1.86 +0.01