Market news
19.07.2017, 20:06

The main US stock indices grew moderately following the results of today's trading

The main US stock indexes finished the auction with an increase, updating the record highs, which contributed to corporate reporting and statistics on the US housing market. At the same time, a significant decline in IBM shares prevented the Dow index from showing more serious growth.

According to the Ministry of Trade, housing construction finished the second quarter on a stronger note, as the bookings of new houses were restored in June at the fastest pace in four months. The laying of new homes increased by 8.3% to 1.22 million units (recalculated for annual rates). The laying of new houses for May was revised to 1.12 million from 1.09 million. Construction permits grew by 7.4% to 1.25 million per annum. The construction of single-family houses grew by 6.3% to 849,000 on an annualized basis. Bookmarks for apartment buildings jumped by 13.3% in June, to 366,000 in annual terms.

Oil prices rose by more than 1.5%, receiving support from statistics on oil products in the US, which indicated a more significant than expected decline in oil reserves. The US Energy Ministry reported that in the week of July 8-14, oil reserves fell by 4.727 million barrels to 490.62 million barrels. Analysts had expected a reduction of only 3.21 million barrels. Oil reserves in the Cushing terminal fell by 23 thousand barrels to 57.54 million barrels.

Most components of the DOW index recorded a rise (24 out of 30). The leader of growth was the shares of E. I. du Pont de Nemours and Company (DD, + 1.55%). Outsider were the shares of International Business Machines Corporation (IBM, -4.39%).

All sectors of the S & P index showed growth. The maximum increase was shown by the conglomerate sector (+ 1.2%).

At closing:

DJIA + 0.29% 21.636.50 +61.77

Nasdaq + 0.64% 6.385.04 +40.73

S & P + 0.53% 2.473.67 +13.06

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location