Market news
07.08.2017, 20:06

The main US stock indices rose as a result of today's trading

Major US stock indices slightly added on Monday. The DJIA index once again reached a record high, and Nasdaq was reinforced by the growth of shares of technology companies.

Friday's data on the US labor market remains ahead of market participants, which turned out to be better than expected, thereby strengthening investor confidence that the Fed will announce plans to begin reducing its balance in September, and may raise rates again this year.

Meanwhile, today the report from the Conference Board showed that the index of employment trends in the US, which is a set of labor market indicators, improved significantly in July. According to the data, the July index of employment trends rose to 133.77 points compared to 132.42 points in June (revised from 133.07 points). In annual terms, the index rose by 4.8%. The Conference Board reported that in July 8 out of 8 components recorded a rise.

Quotes of oil fell slightly, which was due to concerns over the high volume of oil production by OPEC and the United States. At the end of May, oil producers, led by OPEC, concluded an agreement to reduce production by 1.8 million barrels a day until the end of next March. But since then, there have been doubts about the effectiveness of these reductions, as OPEC production reached a high of 2017 in July, and its exports reached a record high.

Components of the DOW index finished trading mixed (14 in positive territory, 16 in negative territory). Leader of growth were shares of Apple Inc. (AAPL, + 1.45%). Outsider were shares United Technologies Corporation (UTX, -2.65%).

Most sectors of the S & P index showed an increase. The consumer goods sector grew most (+ 0.5%). The main material sector showed the greatest decrease (-0.2%).

At closing:

DJIA + 0.11% 22,118.15 +25.34

Nasdaq + 0.51% 6.338.77 +32.21

S & P + 0.16% 2.480.85 +4.02

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