Market news
28.02.2018, 21:08

The main US stock indices decreased as a result of today's trading

Major US stock indexes finished trading below zero, that the main image was caused by a fall in shares of the base materials sector and the conglomerate sector.

In addition, investors waged statistics on the United States. As it became known, economic growth in the US slowed a little more than originally expected in the fourth quarter, as the highest rates of consumer spending in three years supported imports and inventories. In the last three months of 2017, gross domestic product increased by 2.5% year-on-year, rather than the previously estimated rate of 2.6%, the Ministry of Commerce reported in its second assessment. This was a slowdown compared to growth in the third quarter by 3.2%.

In addition, Chicago's purchasing managers' index fell to 61.9 in February from 65.7 in January, to the lowest level since August 2017. Business activity continued to expand in February, although at a slower pace than in January. All five components of the index retreated a month, but despite the second consecutive monthly decline, the index is still 8% higher than in February of last year and above the average for the year 2017 - 60.8.

Also, the National Association of Realtors (NAR) said that its index of expected home sales, which tracks contracts for the purchase of previously owned houses, declined in January by 4.7% compared to the previous month, to 104.6 points. This is the lowest level since October 2014, when the index was 104.1 points. Economists had expected the index to grow by 0.3%. In annual terms, unfinished transactions for the sale of housing fell by 3.8%.

Most components of the DOW index recorded a decline (26 out of 30). Outsider were shares of Caterpillar Inc. (CAT, -3.98%). The leader of growth was shares United Technologies Corporation (UTX, + 1.03%).

All sectors of S & P completed the auction in the red. The greatest decrease was shown by the base materials sector (-1.8%).

At closing:

Dow -1.50% 25,028.37 -381.66

Nasdaq -0.78% 7.273.01 -57.34

S & P -1.11% 2.713.81 -30.47

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