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U.S. New Home Sales Beat Estimates in May

U.S. New Home Sales Beat Estimates in May

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

620,000

590,000

600,000

610,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.5%

4.0%

2.9%

3.5%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Significant gains

Significant losses

No change

Small declines

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

S&P 500

Dow

Russell 2000

NASDAQ

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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