Trade war. Market doesn’t care

The fall of the US indices, which began on the first day of the week, was won back by the end of trading on Thursday. The NASDAQ index rose by 22 points higher than last Friday, 20 points were not enough for the Dow Jones index to return to May 10. In the positive, the S&P 500 indicator ended the session, adding 0.9%. US stock markets close the growth of the third consecutive day.
In part, this happened against the background of good reporting by Cisco, Walmart and other large companies. And the news about the duties and trade dispute of the United States and China, traders have ceased to pay attention, experts say.
Macro statistics of the USA also played a role in the growth of quotations. The volume of housing construction in April increased in annual terms to 1.24 million. Economists had expected a weaker growth rate - to 1.21 million. The number of building permits increased by 0.6% last month against a forecast of 0.5%.
Asian markets started Friday mainly in growth too. By the middle of the auction, the Japanese Nikkei 225 rose by 1.05%. Australian and South Korean markets are trading in the black.
In contrast, Chinese indices are moving down. Investors continue to act out the exacerbation of tension between China and the United States. The Shanghai Composite Shanghai Index fell 1.46%.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
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