Market news
12.12.2017, 21:13

The major US stock indexes finished trading in different directions

The main US stock indexes mostly rose on Tuesday. The focus of market participants is the meeting of the Open Market Committee (FOMC) of the Fed, which begins today, and its results will be announced tomorrow.

In addition, as it became known today, producer prices in the US rose in November against the backdrop of rising gasoline prices and the cost of other goods, which led to the largest annual increase in almost six years and indicates a widespread acceleration of wholesale inflation. The Ministry of Labor on Tuesday said that the producer price index for final demand increased by 0.4% last month. The PPI increased with the same margin for three consecutive months. For the 12 months to November, the PPI rose 3.1%. This was the biggest increase since January 2012 and followed the growth of 2.8% in October. Economists predicted a PPI growth of 0.3% last month and an increase of 2.9% compared to the previous year.

Oil lost previously earned positions, and moved to negative territory, which was caused by partial profit-taking, and strengthening of the US dollar. In addition, investors assess the consequences of the suspension of the work of the key oil pipeline in Britain. The night before, Ineos reported that the Forties pipeline will be closed for "a few weeks" due to the increase in the crack that arose last week. About 445,000 barrels of oil per day are delivered via this pipeline, which corresponds to approximately 40% of the total number of North Sea oil producing capacities in Britain.

Most components of the DOW index finished trading in positive territory (16 out of 30). The leader of growth was the shares of The Goldman Sachs Group, Inc. (GS, + 3.05%). Outsider were shares of 3M Company (MMM, -1.33%).

Most sectors of the S & P index recorded an increase. The financial sector grew most (+ 0.7%). The utilities sector showed the greatest decrease (-1.4%).

At closing:

DJIA + 0.49% 24,504.80 +118.77

Nasdaq -0.19% 6,862.32 -12.76

S & P + 0.15% 2,664.11 +4.12

© 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