- Pending Home Sales in the US rebounded sharply in May.
- Wall Street's main indexes continue to trade mixed after the data.
Pending Home Sales in the US rose by 44.3% on a monthly basis in May following April's decline of 21.8%, the data published by the US National Association of Realtors revealed on Monday. This reading came in much higher than the market expectation for an increase of 19.7%.
Further details of the publication showed that on a yearly basis, Pending Home Sales were still down 5.1%.
These figures don't seem to be having a significant impact on market sentiment. As of writing, the Dow Jones Industrial Average was up 1.05% on the day while the Nasdaq Composite was losing 0.25%.
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.