The major US stock indexes finished trading in positive territory

Major US stock indices grew moderately after three days of losses, as favorable earnings reports raised optimism, and bank stocks recovered after the Turkish lira retracement.

The rate of the Turkish currency demonstrates a significant increase, as concern about the economic crisis in Turkey has weakened slightly after the central bank of the country announced many measures aimed at stabilizing the situation on the foreign exchange market.

In addition, the Ministry of Labor said that import prices did not change in July, after they fell by -0.1% in June (revised from -0.4%). Economists had expected that import prices would grow by 0.1%. Prices remained unchanged, as fuel import prices rose by 1.6% in July after they rose by 1.3% in June, while prices for other goods, except fuel, fell by -0.3 % The second month in a row. Meanwhile, export prices in July fell by -0.5%, after rising by 0.2% in June. Economists predicted that export prices will grow by 0.2% compared to the initial growth of 0.3%.

Most DOW components recorded a rise (21 out of 30). The growth leader was Walgreens Boots Alliance, Inc. (WBA, + 3.05%). Outsider were shares of Intel Corporation (INTC, -0.71%).

All sectors of S & P finished trading in positive territory. The conglomerate sector grew most (+ 0.7%).

At closing:

Dow 25,299.92 +112.22 +0.45%

S&P 500 2,839.96 +18.03 +0.64%

Nasdaq 100 7,870.89 +51.19 +0.65%