Market news
05.07.2017, 20:10

The main US stock indexes ended the session mostly in positive territory

The main US stock indexes mainly increased, as the rise in price of shares in the technological sector offset losses in the segment of basic materials.

Investors also drew attention to the minutes of the June meeting of the Fed. In this document it was reported that the Fed is preparing to begin reducing the balance in the next months. "Several Fed executives expect that the reduction in the balance sheet will begin" within two months, "although some of them would prefer to wait until the end of the year," the protocol said. - Some leaders of the Fed are concerned that an earlier beginning of the reduction of the balance would signal a more rapid tightening of the policy. In addition, some Fed executives consider the reduction of balance as the reason for a less rapid increase in rates. " The protocol also reported that several executives think that inflation will remain weak due to the weakening of the connection between prices and employment. "Several Fed leaders who supported the rate hike in June are more concerned about the further rate due to weak inflation," the protocol showed.

In addition, market participants analyzed statistics on the United States. The Commerce Department's report showed that new orders for manufactured goods in the US fell more than expected in May, but orders for capital equipment were slightly stronger than previously reported, indicating that the manufacturing sector remains on the path of moderate growth. According to the report, orders fell by 0.8% in May after they fell by 0.3% in April. A decrease of 0.5% was expected.

However, a report published by the Institute of Supply Management (ISM) in New York showed that the business activity in New York improved significantly last month, surpassing the forecasts of analysts, and reaching its peak since April. According to the report, the index rose in June to 55.5 from 46.7 in May. Economists predicted that the index will be 51.1. The index, reflecting economic conditions in 6 months, deteriorated in June to 64.5 against 70.6 in May.

Most components of the DOW index showed a decrease (16 of 30). Outsider were shares of The Walt Disney Company (DIS, -1.73%). The highest increase was registered in Intel Corporation (INTC, + 2.75%).

Most S & P sectors completed the session in different directions. Most fell the sector of main materials (-1.3%). The leader of growth was the technological sector (+ 0.7%).

At closing:

DJIA 0.00% 21.477.97 -1.30

Nasdaq + 0.67% 6,150.86 +40.80

S & P + 0.15% 2.432.57 +3.56

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