Investors brought down the US stock market

The United States may soon lower the key rate. According to the head of the Federal Reserve Bank of St. Louis, James Bullard, such a need may arise because of low inflation in the United States and trade tensions in the world. These factors negatively affect the economic growth in the country.
The US stock market reacted to the news by lowering. The Nasdaq Composite Index closed lower by 1.6%. This is 10% below the maximum reached at the end of April. The S & P 500 dropped 0.28%.
Investors are also concerned about the news that the US authorities are going to inspect the activities of Amazon, Apple, Facebook and Google for violations of antitrust laws. Investigation against Amazon and Facebook will be dealt with by the United States Federal Trade Commission. Apple and Google will be audited by the US Department of Justice.
The statistics on American manufacturing activity did not add positive to the markets. In May, ISM's business activity fell to its lowest level in the last three years, reaching 52.1 points. Experts predicted an increase to 53 points, and in April the value was 52.8.
Following the US stock indexes, Asian stock markets plunged down. By mid-morning trading on Tuesday, June 4, most indices of the region traded in the red. The Shanghai Shanghai Composite lost 0.84%, the Japanese Nikkei 225 dropped 0.13%. The Hong Kong Hang Seng was down 0.33%.

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