US indices closed on positive territory, after the biggest slump of the year

US stocks rebounded after the biggest decline for the year. Investors come to terms, that the chances of impeachment of Trump after the growing tensions with Russia and the ex-director of FBI are minimal. Investor still believe, that Trump can accomplish everything he's promised and the stocks rebounded. Fundamentally speaking, the economic continue to expand. Data on new jobs reached 232L and Fed's Business Index rose to 38.8 during May, compared to 22.0 in April.

DJIA: 56.09 points/ 0.27% - 20,663.02

S&P 500: 8.69 points/ 0.37% - 2,365.72

NASDAQ: 43.89 points/0.73% - 6,055.13

The S&P 500 index all but the energy sector gained. In DJIA, Walmart traded higher, however CISCO declined.

The traded stocks were mixed today, for every winner there was a loser. The volumes in NYSE are $178 billion, which is below the previous sessions.

Oil's price inched higher to $49.30 per barrel due to the weaker USD. Some of the analysts are bullish on the oil, however it still trades under the resistance of $49.50/$50. Gold declined for first in 7 sessions, due to the lower risk. The USD stabilized and stopped it's declining movement, however the outlook is still negative in the short term.

Source: Bloomberg Pro Terminal

Senan Fuchedzhiev - Trader

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