Services sector grows in US

Note: This section contains information in English only.

Tue, 18 May 2021 16:49:09 GMT

Source: Dukascopy Bank SA

The New York Federal Reserve revealed on Tuesday that the state's services sector had experienced a record growth of activity.

Actual Topics

On Tuesday, retailers like Walmart, Home Depot and Macy's reported a return of shoppers back to mortar and brick stores.

On Tuesday, the US Treasury Secretary Janet Yellen stated that the upcoming US tax hike and infrastructure plan would increase corporate profits.

At the start of Tuesday's US trading, US stock indices surged due to Wallmart and Home Depot reporting better than forecast earnings results.