S & P 500 plunged 16 record and the beginning of the year

Automatic Data Processing (Photo credit: Wikipedia)

The broader index S & P 500 plunged 16 th record from the beginning of the year. This happened after the leading indices on Wall Street started the session with a series of declines after data from the U.S. economy . They subsequently rose on the eve of the crucial meeting of the European Central Bank. Expectations are that the bankers will give new direction of monetary policy on the continent.

The shares remained green territory after the publication of the " Beige Book " of the U.S. Federal Reserve on economic activity in the regions. The report of the Central Bank , covering the period April 7 to May 23 reveals that economic growth in all the 12 districts has picked up .

Wide benchmark S & P 500 rose 0.19% to 1 927.87 points. The blue -chip Dow Jones rose slightly by 0.09% to 16 736.67 points. Technological Nasdaq Composite is up by 0.41 % to 4 251.64 points.

The growth rate of the U.S. trade deficit climbed two-year high of 6.9 % in April. The main reason for the increase in the liabilities of the trade balance was a record high imports of automobiles, mobile phones, computers and communication equipment .

The deficit rose to 47.2 billion dollars from 44.2 billion revised up in April. Forecasts were for a decline to 41 billion dollars. Imports increased by 1.2 % to a record 240.6 billion dollars, while exports declined by 0.2% to 193.3 billion dollars.

At the same time productivity in the country fell by an unprecedented six-year decline of 3.2% yoy in the first quarter. Workers have spent more time to produce less output amid unusually bad weather.

Bad news for the U.S. economy continued after it became clear that hiring new employees in the private sector slowed in May , according to Automatic Data Processing (ADP). Jobs created were 179,000 amid forecasts for 210 000 and 215 000 registered in April.

Earlier in the day to the consulting firm CoreLogic showed that house prices in the U.S. rose by 10.5 % in April compared to April last year. Compared to the previous month of March did the growth was 2.1% .

Price increases nationwide account for 26 consecutive months . Excluding sales of distressed properties , the increase in house prices in the U.S. in April compared to April last year was 8.3 %, while compared to March - 1.1% .

Breath investors provide rising ISM index of activity in the services sector of the United States. The index rose to 56.3 points in May compared to expectations for a rise to 55.5 points.

The dollar rose against the currencies of major U.S. trading partners , and the yield on 10 - year U.S. bonds rose one basis point to 2.608 percent . Thus yields rose for the fifth consecutive day.

Crude oil futures for July delivery dropped 2 cents to 102.64 dollars per barrel. The price of the contracts on gold for August delivery fell 20 cents to 224.30 dollars 1 .

General Electric led the losers in the composition of the Dow Jones. Shares of the company fell by 0.86 percent to 26.56 dollars. At the other extreme were the shares of Travelers Companies, which increased by 1.36 percent in value to 94.68 dollars.

Shares of Protective Life rose by 18.12 percent, after the insurance company was acquired by the Japanese Dai-Ichi Life Insurance in the amount of 5.7 billion dollars.

Shares of Under Armour rose 4.93 percent to 53.62 dollars after Jefferies Group raised its assessment of the securities dealer sportswear from "buy " to " hold" .

Capitalisation of FuelCell Energy fell by 7.59 percent after the manufacturer of power plants with fuel cells reported higher than expected loss in the second quarter .