Market news
13.10.2017, 20:11

The main US stock indexes rose slightly on the basis of trading results

On Friday, the main US stock indexes rose slightly, helped by the rise in price of shares in Apple and other technology companies, but the fall of insurance companies and hospital operators has limited growth.

In addition, the focus was on the US. As it became known today, the consumer price index in September rose by 0.5%, noting the biggest increase in eight months. Economists predicted an increase of 0.6% due to higher gasoline prices. With the exception of food and energy, the basic consumer price index rose by 0.1%.

Retail sales in the US increased by 1.6% in September, reflecting the largest increase in two and a half years. The greatest increase was caused by new cars and trucks. With the exception of cars, sales grew by 1%. And sales, excluding cars and gasoline, climbed to smaller, but still stable, 0.5%. Economists predicted an increase in total sales of 1.7% and 0.3%, excluding cars.

Preliminary results of the studies, presented by Thomson-Reuters and the Michigan Institute, showed: the mood sensor among US consumers grew in October despite the average forecasts of experts. According to the data, in October the consumer sentiment index rose to 101.1 points compared to the final reading for September at the level of 95.1 points. According to average estimates, the index had to fall to the level of 95 points.

US enterprises increased their reserves in August in maximum nine months, which indicates a strong confidence in future demand. The Ministry of Trade reported that in August the volume of inventories increased by 0.7%, after rising in July by 0.3%. This was the biggest leap since November 2016. Sales also rose by 0.7% in August, compared with a 0.3% increase in July. This was the biggest increase in sales since December 2016.

Most components of the DOW index recorded a rise (16 out of 30). The leader of growth was shares of American Express Company (AXP, + 1.34%). Outsider were the shares of Verizon Communications Inc. (VZ, -1.05%).

Most sectors of the S & P index finished trading in positive territory. The base resources sector grew most (+ 0.5%). The utilities sector showed the greatest decrease (-0.5%).

At closing:

Dow + 0.13% 22.871.72 +30.71

Nasdaq + 0.22% 6,605.80 +14.29

S & P + 0.09% 2.553.17 +2.24

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