Market news
06.02.2019, 21:08

Major US stock indexes finished trading in negative territory

Major US stock indices fell slightly, as investors analyzed the mixed quarterly results of the corporate segment, as well as the report of the US President to Congress on the situation in the country.

In his report, Donald Trump mentioned issues such as infrastructure costs, drug prices and trade. He also raised the issue of financing the border wall along the border of the United States and Mexico. Trump reaffirmed his conviction that the United States needed a wall, but did not declare a state of emergency, as he had previously threatened to do. Thus, the president has softened his tone around the financing of the wall on the border with Mexico, but this does not exclude the possibility that the federal government may again suspend work if its demand for financing its construction is not met.

The president also said that China and the United States are working on a new trade deal, but noted that it should “include real structural changes to put an end to unfair trade practices, reduce our chronic trade deficit, and protect American jobs.”

The focus of market participants was also the report of the Ministry of Commerce, which showed that the US trade balance deficit sharply declined in November amid a decline in imports of mobile phones and petroleum products. According to the report, the trade deficit fell in November by 11.5% to $ 49.3 billion. The data for October were revised - $ 55.5 billion by - $ 55.7 billion. Economists had forecast a trade deficit of $ 54.0 billion.

Most of the components of DOW finished trading in positive territory (16 of 30). The growth leader was UnitedHealth Group (UNH, + 1.16%). The outsider was DowDuPont Inc. (DWDP, -1.81%).

Most sectors of the S & P recorded a decline. The largest decline was shown by the base materials sector (-0.7%), the largest growth was by the conglomerates sector (+ 0.3%).

At the time of closing:

Dow 25,389.90 -21.62 -0.09%

S & P 500 2,731.62 -6.08 -0.22%

Nasdaq 100 7,375.28 -26.80 -0.36%

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