The stock markets in the United States fluctuated and eventually ending the trading session higher today. The NASDAQ and S&P 500 gained 0.38% and 0.24%, respectively. The Dow Jones and Russell 2000 climbed minimally. Sign up for our free newsletter The National Association of Realtors NAR reported that the sales of existing homes declined 3.3% to a seasonally adjusted annual rate of 5.04 million in April. NAR chief economist Lawrence Yun said, "April’s setback is the result of lagging supply relative to demand and the upward pressure it’s putting on prices." He added that the overall data and feedback from Realtors continued to show signs of elevated levels of buying interests compared last year, "With low-interest rates and job growth, more buyers will be encouraged to enter the market unless prices accelerate even higher in relation to incomes,” said Yun. Yesterday, the minutes of the meeting of the Federal Open Markets Committee FOMC showed that policy makers are unlikely to increase interest rates in June, although they expect the economy to resume a moderate growth. Commenting on the movements of the equity markets, Mark Luschini, chief investment strategist at Janney Capital Management told Bloomberg, "We're locked in this environment where we're more trend less than trending. There's no impetus for stocks to sell off, but no lift from investors who want to increase the allocation in equities. Everyone is saying why now?" Christian Gattiker, the head of research at Julius Baer Group commented, "investors in the United States are sitting on all-time highs." He added that they are "experiencing some vertigo in a while, looking down and asking will it hold?" Furthermore, Gattiker said, The June rate hike was off the table a long time ago, but there's some relief the Fed acknowledged this. It's not good enough to drive markets much higher."