Market news
11.10.2017, 20:09

Major US stock indexes finished trading in positive territory

Major US stock indices increased slightly on Wednesday, while moderate gains in the conglomerate sector and technology sector were offset by the fall of the industrial goods sector on the eve of the publication of quarterly statements by Wall Street banks.

In addition, some influence on the dynamics of trading provided data for the US and the protocol of the September meeting of the FOMC. A survey of vacancies and labor turnover, published by the Bureau of Labor Statistics, showed that in August the number of vacancies decreased to 6.082 million. The indicator for July was revised downward - to 6.14 million from 6.17 million. Analysts had expected , that the number of vacancies will decrease to 6,125 million. The vacancy level was 4.0%, unchanged in July. The number of vacancies has changed little in both the private sector and the government segment. In addition, in August, hiring amounted to 5.430 million against 5.521 million in July. The level of hiring fell by 0.1%, to 3.7%. Hiring has changed little in the private sector, as well as in the government sphere.

As for the September FOMC meeting protocol, most of the Fed executives expected another rate hike this year, although some said their decision will depend on whether inflation will increase in the coming months. Many leaders of the Fed think that the weakness of inflation will be short. Otherwise, some managers have indicated that they will have to reassess the forecast rate of rate hikes. Some members of the Fed management said their decision on whether to raise rates this year will depend more on whether the economic data in the next few months will strengthen their belief in inflation growth to the committee's target level of 2%.

The components of the index of the DOW index finished the trades mixed (15 in positive territory, 15 in negative territory). The leader of growth was the shares of Johnson & Johnson (JNJ, + 2.23%). Outsider were shares of General Electric Company (GE, -1.39%).

Almost all sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 0.4%). The sector of industrial goods showed the greatest decrease (-0.2%).

At closing:

DJIA + 0.18% 22.872.89 +42.21

Nasdaq + 0.25% 6.603.55 +16.30

S & P + 0.18% 2.555.24 +4.60

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