Market news
28.06.2017, 20:08

Major US stock indexes finished the session above the zero mark

The main US stock indexes rose significantly, primarily thanks to the rally in the banking segment, triggered by a report that the market misinterpreted yesterday's ECB Draghi comments as "hawks," while shares of technology companies recovered after a two-day sell-off. The indices were also supported by the positive dynamics in the raw materials market.

In addition, investors assessed the data on the US housing market. The index of unfinished transactions for the sale of housing from the National Association of Realtors decreased by 0.8% in May, noting the third month of decline in a row. The index was 108.5 in May, and its April level was revised downward. Economists predicted an increase of 0.8%. The National Association of Realtors continues to blame the supply restriction in the uneven development of the housing market. "The buyer's interest is significant, but there is not enough resources to meet demand," said the chief economist of the group, Lawrence Yun, "prospective buyers are being removed because they are limited in choice and housing prices that are rising too quickly."

Most components of the DOW index recorded a rise (24 out of 30). Caterpillar Inc. was the growth leader. (CAT, + 2.56%). Most fell shares of Johnson & Johnson (JNJ, -0.98%).

Almost all sectors of the S & P index finished trading in positive territory. The leader of growth was the financial sector (+ 1.4%). Decrease showed only the sector of public services (-0,6%).

At closing:

DJIA + 0.66% 21,452.35 +141.69

Nasdaq + 1.43% 6.234.41 +87.79

S & P + 0.88% 2,440.62 +21.24

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