Market news
26.12.2018, 21:18

Major US stock indexes finished trading in positive territory

Major US stock indexes rose significantly, while the Dow index recorded its largest increase in points in history.

Growth was driven by shares of retailers that received support after the publication of data on purchases during the holiday season, which were the best in the last six years. According to a Mastercard report, sales during the holiday shopping season in the United States grew by 5.1%, exceeding $ 850 billion, as buyers were encouraged by a sustainable economy and early discounts.

However, investors' concerns have not gone away. President Donald Trump re-attacked the Fed at Christmas, accusing it of falling market. In addition, he stated that the partial closure of the federal government would last until his need for funds to build a wall at the border of the United States and Mexico was met.

The focus was also on the S & P / Case-Shiller report, which showed that the growth rate of housing prices in the US slowed down in October for the third month in a row. According to the report, the home price index from S & P / Case-Shiller among the 20 main cities in October, on an annualized basis, fell to 5% from 5.2% recorded in September (revised from 5.1%). Economists had forecast a decline to 4.9%.

All components of DOW finished trading in positive territory (30 out of 30). The growth leader was NIKE, Inc. (NKE + 6.63%).

All sectors of the S & P recorded an increase. The service sector grew the most (+ 4.8%).

At the time of closing:

Dow 22,878.45 +1086.25 +4.98%

S & P 500 2,467.70 +116.60 +4.96%

Nasdaq 100 6,554.36 +361.44 +5.84%

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