Major US stock indexes finished trading in the red, while the leaders of the fall was the financial sector, as the aggravated political crisis in Italy caused a rush to find safe assets.

President of Italy Mattharella decided on Sunday to veto the formation of the Eurosceptic government, refusing to approve the candidacy of economist Paolo Savona for the post of Minister of Economy, nominated by the political forces "Movement of 5 stars" and the party "League". At the same time, Mattharella ordered the formation of a provisional government to the former IMF officer Cottarelli. He noted that elections are expected early next year, but if Cottarelli fails to get a vote of confidence, the elections will be held after August. Meanwhile, in Spain on Friday, the parliament will vote on a vote of no confidence in the government of Prime Minister Rakhoi because of a scandal involving large-scale bribery by the business community of politicians from the ruling People's Party.

In addition, as it became known today, the housing price index from S & P / Case-Shiller, covering all nine districts of the US census, showed an annual increase of 6.5% in March, the same as in the previous month. For 10 megacities, the cumulative annual growth was 6.5%, compared to 6.4% in the previous month. For 20 cities, the index showed an increase of 6.8% compared to the previous year, unchanged from the previous month.

At the same time, the index of consumer confidence from the Conference Board grew in May after a slight decline in April. The index now stands at 128.0, compared with 125.6 in April. The index of the current situation increased from 157.5 to 161.7, and the index of expectations improved from 104.3 last month to 105.6 this month.

Almost all components of DOW recorded a decline (29 of 30). Outsider were the shares of JPMorgan Chase & Co. (JPM, -4.16%). The growth was demonstrated only by the shares of The Coca-Cola Company (KO, + 0.53%).

All sectors of S & P completed the auction in the red. The largest decline was in the financial sector (-2.4%).

At closing:

Dow 24,361.45 -391.64 -1.58%

S&P 500 2,689.86 -31.47 -1.16%

Nasdaq 100 7,396.59 -37.26 -0.50%