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 were the new home sales figures for the month of May?

How did the new home sales in May compare to the survey expectations?

What was the month-over-month gain percentage for new home sales in May?

What impact did the new home sales report have on the markets?

What is the significance of the Russell 2000 in the context of this report?