Market news
18.08.2017, 20:12

Major US stock indexes finished trading below zero

The major stock indexes of the United States completed trading with a decrease. Some influence on the market was provided by news reports on the Axios news website that Senior Advisor of the White House Steve Bannon could soon be dismissed. Soon, the NY Times, citing sources in the administration, said that Trump had decided to fire Stephen C. Bannon, as the senior presidential adviser.

In addition, according to preliminary research results submitted by Thomson-Reuters and the Michigan Institute, the mood sensor among American consumers grew in August stronger than expected. The consumer sentiment index rose to 97.6 compared with the final reading for July at 93.4. According to estimates, the index was to grow to 94 points.

However, the representative of the Federal Reserve Kaplan said that GDP growth in 2017 will be slightly above 2%. "The US consumer sector supports the economy." The US households have the opportunity to spend money, "Kaplan said, adding that for labor force growth it is necessary to increase labor resources

Most components of the DOW index recorded a decline (20 out of 30). Outsider were the shares of NIKE, Inc. (NKE, -4.52%). Caterpillar Inc. was the growth leader. (CAT, + 0.72%).

The sectors of the S & P index showed mixed dynamics. The utilities sector grew most (+ 0.7%). The largest decline was demonstrated by the sector of conglomerates (-0.7%).

At closing:

Dow -0.35% 21.674.51 -76.22

Nasdaq -0.09% 6.216.53 -5.38

S & P -0.18% 2.425.55 -4.46

© 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