Exports Rise Despite Trade Tensions

Exports Rise Despite Trade Tensions

Adviser Investments Senior Vice President Chris Keith has the market analysis for Thursday, May 30. Major U.S. indexes rebounded slightly, with the Dow Jones Industrial Average and S&P 500 each ticking up 0.2% and the NASDAQ Composite advancing 0.3%. The Commerce Department reported first-quarter economic growth of 3.1%—slightly lower than the previous 3.2% Bureau of Economic Analysis projection. Meanwhile, quarterly net exports added nearly 1% despite ongoing U.S.-China trade tensions. In other news, pending home sales declined for the 16th consecutive month, even as low mortgage rates and a well-employed workforce persist.

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