Market news
18.09.2018, 20:20

The major US stock indexes finished trading in positive territory

Major US stock indices grew moderately against the backdrop of a rise in the price of technological and consumer sectors, as investors estimated the latest exchange of tariffs in the trade war with China as less destructive than previously feared.

Yesterday, US President Donald Trump announced the introduction of additional tariffs on goods imported from China worth a total of $ 200 billion. The amount of fees will be 10%, which will come into force on September 24. The new amount of duties will be in effect until the end of the year, and from the beginning of 2019 they will be increased to 25%. Trump also threatened to extend protectionist measures if China took retaliatory measures. In this case, the president promised to immediately begin the third stage, providing for additional duties on imports of $ 267 billion. However, the important point was that from the list of Chinese products, to which the US introduced new duties, excluded about 300 goods, in particular smart -clock. Against this background, shares of Apple (AAPL) moderately increased. Earlier, the company expressed concern that the "wide range" of its products could suffer from tariffs.

In addition, as it became known, the confidence of builders in the market of newly built houses for one family remained unchanged in September, at the level of 67 points. "Despite the growing problems with accessibility, builders continue to report strong demand for housing, especially when thousands of townspeople and other beginners enter the market," said NAHB chairman Randy Noel.

Most DOW components recorded a rise (24 out of 30). Leader of the growth were shares of NIKE, Inc. (NKE, + 2.44%). Outsider shares were DowDuPont Inc. (DWDP, -1.12%).

Almost all sectors of S & P completed the auction in positive territory. The commodities sector grew most (+ 1.2%). The decrease was shown only by the sector of conglomerates (-0.5%)

At closing:

Dow 26,246.96 +184.84 +0.71%

S & P 500 2,904.31 +15.51 +0.54%

Nasdaq 100 7,956.11 +60.31 +0.76%

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