Analytics, News, and Forecasts for CFD Markets: stock news — 17-06-2019.

Major US stock indices rose slightly, receiving support from health and technology sector stocks, while investors were waiting for a key Fed meeting to find out what would happen to interest rates.

Facebook shares (FB) went up by 4.19% amid positive comments from SunTrust regarding the company's plans for its own cryptocurrency. Facebook is expected to publish more detailed information about the project tomorrow in a white paper.

Amazon (AMZN), Apple (AAPL) and Alphabet (GOOG) grew by more than 0.5% each without specific news catalysts.

The Fed plans to begin a two-day monetary policy meeting on Tuesday. Expectations of policy changes at the upcoming meeting are low, but investors will look for clues about possible rate cuts in July and beyond in 2019. Investors are betting on Fed rate cuts in July and September, as well as in December, according to the FedWatch CME Group tool. The market requires lower rates amid signs of slowing economic growth. In theory, lower rates would spur economic growth.

In addition, market participants are preparing for the G20 summit at the end of this month, which may lead to progress in resolving the protracted trade war between the United States and China.

The focus was also on data on manufacturing activity from the Federal Reserve Bank of New York and the confidence of American home builders from the NAHB.

According to a report published by the Federal Reserve Bank of New York, manufacturing activity in New York fell sharply in June, while the sector activity index showed a record monthly decline. The index of activity in the manufacturing sector in New York this month fell to -8.60 from 17.8 in May. This was the first negative index in the past two years. Economists had expected the index to fall to 12.0.

A report from the National Association of Home Builders (NAHB) showed that American homebuilder confidence unexpectedly deteriorated in June. According to the report, the housing market index from NAHB / Wells Fargo fell to 64 in June after a jump to 66 in May. Economists had expected the index to remain at level 67.

Most of the components of DOW finished trading in the red (17 out of 30). Outsider were shares of Dow Inc. (DOW; -3.43%). The growth leader was the shares of The Boeing Co. (BA; + 2.52%).

Almost all sectors of the S & P recorded an increase. The largest growth was shown by the health sector (+ 0.8%). Only the utility sector (-0.3%) and the financial sector (-0.3%) decreased.

At the time of closing:

Dow 26,111.79 +22.18 +0.09%

S & P 500 2,889.61 +2.63 +0.09%

Nasdaq 100 7,845.02 +48.37 +0.62%