Market news
29.01.2018, 21:14

The major US stock indexes finished trading in different directions

The major stock markets in the US ended the session mixed: the S & P 500 and Dow pulled back from record levels amid a recession in Apple shares (AAPL) after media reports of concerns about the demand for the iPhone X, while the Nasdaq index grew moderately.

Meanwhile, as shown by data provided by the Federal Reserve Bank of Dallas, in January, the business activity of Texas producers improved, despite the experts' forecast for a fall. According to the report, the production index of the Federal Reserve Bank of Dallas in January rose to 33.4 points from 29.7 points in December. The latter value was the highest for more than 12 years. Analysts had expected the decline to 25.3 points.

Oil prices fell by more than 1% on Monday, as the increase in production in the US undermines OPEC and Russia's efforts to tighten supplies. Pressure on oil was also provided by the resumed strengthening of the US currency. However, prices were still on the way to their strongest start of the year in five years. This month, Brent oil has risen in price by about 6.3%, which is the maximum growth in January from 2013.

Most components of the DOW index finished trading in the red (23 of 30). The leader of growth was the shares of The Goldman Sachs Group, Inc. (GS, + 1.75%). Outsider were shares of Caterpillar Inc. (CAT, -2.58%).

All S & P sectors recorded a decline. The largest decrease was in the base resources sector (-1.3%).

At closing:

DJIA -0.67% 26.439.48 -177.23

Nasdaq + 0.75% 7.466.50 +55.34

S & P -0.67% 2,853.52 -19.35

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