One of the main factors for traders, as in the past month, remains the monetary policy of world regulators and how its tightening may affect the economy.

US stocks fall on data of an unexpected decline in the index of business activity

MOSCOW, May 2 – RIA Novosti / Prime. The main US stock indexes start the first trades in May with a decline after the release of data on an unexpected decline in the industrial index of business activity in the US, according to trading data.

As of 17:11 Moscow time, the Dow Jones Industrial Average (DJIA) is down 0.27% to 32,887.59 points, the NASDAQ high-tech index is down 0.09%, to 12,328.33 points, and the SP 500 broad market index is down 0.27%, up to 4120.98 points.

The index of business activity in the US industry (ISM Manufacturing) in April fell to 55.4% from 57.1% in March, while analysts predicted its growth to 57.6%.

Thus, the indices continue to decline after falling a month earlier. In April, DJIA fell by 4.9%, SP 500 – by 8.8%, NASDAQ – by 13.3%. For the first two indexes, this was the biggest drop since the March collapse the year before last, while for the NASDAQ, April was the worst month since October 2008.

One of the main factors for traders, as in the past month, remains the monetary policy of world regulators and how its tightening may affect the economy. On Wednesday, the results of the two-day meeting of the US Federal Reserve System (FRS) will be published. According to the CME Group, analysts almost unanimously predict an increase in the discount rate of the regulator, moreover, by 50 basis points at once.