U.S. New Home Sales Beat Estimates in May

The video discusses new home sales data for May, which showed a slight gain compared to expectations. Despite this, the market impact was minimal, with small declines in major indices like the Dow, S&P 500, and NASDAQ, and slight gains in the Russell 2000. The focus then shifts to the Russell 2000 reconstitution, highlighting its potential impact on the market, though current observations show little change.

What was the reported number of new home sales for May?

• 620,000

• 590,000

• 600,000

• 610,000

What was the percentage gain in new home sales from April to May?

• 2.5%

• 4.0%

• 2.9%

• 3.5%

How did the major indices react to the new home sales report?

• Significant gains

• Significant losses

• No change

• Small declines

Which index showed a slight gain following the new home sales report?

• S&P 500

• Dow

• Russell 2000

• NASDAQ

Why was the Russell 2000 index significant on this day?

• It was unaffected by the report

• It showed the largest decline

• It was undergoing reconstitution

• It had the highest gain