Market news
20.12.2017, 21:10

Major US stock indexes finished trading with a slight decrease

Major US stock markets closed below zero, as investors were waiting for news about the fate of the long-awaited tax bill

According to the latest information, the House of Representatives and the Senate passed a tax bill in the United States. For the adoption of the tax bill in the US Congress, 224 votes were given, against - 201 votes. The tax bill provides for tax cuts totaling $ 1.5 trillion in the next 10 years

Investors also analyzed data on the United States. The National Association of Realtors said that home sales in the secondary market rose for the third consecutive month in November and reached the highest rates in the last 11 years. In all major regions, except for the West, there was a significant increase in sales activity. Total secondary home sales, which are completed transactions, including single-family homes, urban homes, condominiums and cooperatives, jumped 5.6%, seasonally adjusted to 5.81 million in November from 5.50 million in October. After last month's growth, sales rose 3.8% compared to the same period last year, and they reached the highest levels since December 2006 (6.42 million).

Quotes of oil rose by about 1%, supported by the continued downtime of the Forties oil pipeline in the North Sea, as well as by statistics on oil reserves in the US. The Energy Ministry reported that oil reserves fell sharply last week, which was caused by an increase in the workload of oil refineries. In the week of December 9-15, oil reserves fell by 6.495 million barrels, to 436.491 million barrels. Analysts had expected a decline of 3.769 million barrels.

Most components of the DOW index finished trading in the red (19 out of 30). Outsider were shares of The Walt Disney Company (DIS, -1.65%). The leader of growth were the shares of Cisco Systems, Inc. (CSCO, + 1.20%).

Most sectors of the S & P index recorded a decline. The largest drop was shown by the utilities sector (-0.4%). The conglomerate sector grew most (+ 1.2%).

At closing:

DJIA -0.11% 24,726.65 -28.10

Nasdaq -0.04% 6,960.96 -2.89

S & P -0.08% 2,679.25 -2.22

© 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