- CB Leading Economic Index fell for third straight month in April.
- Major equity indexes in the US struggle to find direction.
The Conference Board's (CB) Leading Economic Index declined by 4.4% (consensus -5.5%) in April to 98.8 after recording its largest monthly drop of 7.4% in March.
Commenting on the data, “business conditions may recover for some sectors and industries over the next few months,” said Bart van Ark, Chief Economist at the CB. “But, the breadth and depth of the decline in the LEI suggests that an imminent re-opening of some sectors does not imply a fast rebound for the economy at large.”
Wall Street's main indexes continue to trade mixed after this data. As of writing, the Dow Jones Industrial Average was up 0.32%, the Nasdaq Composite was down 0.35% and the S&P 500 was unchanged at 2,971 points.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.