Market news
03.04.2018, 20:07

The main US stock indexes completed the session in a positive territory

The main US stock indexes rose strongly against the backdrop of the rebound in technology and consumer sectors after yesterday's sell-off.

Shares of Amazon (AMZN; + 1.67%) and automakers were the main drivers of market growth.

Shares of General Motors (GM) jumped 2.9% after the company reported a 16% yoy increase in auto sales in March.

Shares of Tesla Inc. (TSLA) rose by almost 5.9%, as the company's operating results for the first quarter indicated a progress in the process of increasing production of the sedan for the mass market of Model 3 and optimistic forecasts for the next quarters.

In addition, significant support for the market was provided by shares of the financial sector, the value of which increased against the backdrop of growth in yields of US government bonds. In the meantime, fears of a possible global trade war have temporarily come to the fore.

Almost all components of the DOW index finished trading in positive territory (28 out of 30). Leader of the growth were shares of NIKE, Inc. (NKE, + 3.62%). Outsider were shares of General Electric Co. (GE, -0.27%).

Almost all sectors of the S & P index recorded an increase. The consumer goods sector grew most (+ 1.5%). The decrease was shown only by the conglomerate sector (-0.4%).

At closing:

Dow 24,030.64 +386.45 +1.63%

S&P 500 2,614.43 +32.55 +1.26%

Nasdaq 100 6,941.28 +71.16 +1.04%

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