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- Major US stock indexes finished trading below zero
Major US stock indexes finished trading below zero
The major stock indexes of the United States completed trading with a decrease. Some influence on the market was provided by news reports on the Axios news website that Senior Advisor of the White House Steve Bannon could soon be dismissed. Soon, the NY Times, citing sources in the administration, said that Trump had decided to fire Stephen C. Bannon, as the senior presidential adviser.
In addition, according to preliminary research results submitted by Thomson-Reuters and the Michigan Institute, the mood sensor among American consumers grew in August stronger than expected. The consumer sentiment index rose to 97.6 compared with the final reading for July at 93.4. According to estimates, the index was to grow to 94 points.
However, the representative of the Federal Reserve Kaplan said that GDP growth in 2017 will be slightly above 2%. "The US consumer sector supports the economy." The US households have the opportunity to spend money, "Kaplan said, adding that for labor force growth it is necessary to increase labor resources
Most components of the DOW index recorded a decline (20 out of 30). Outsider were the shares of NIKE, Inc. (NKE, -4.52%). Caterpillar Inc. was the growth leader. (CAT, + 0.72%).
The sectors of the S & P index showed mixed dynamics. The utilities sector grew most (+ 0.7%). The largest decline was demonstrated by the sector of conglomerates (-0.7%).
At closing:
Dow -0.35% 21.674.51 -76.22
Nasdaq -0.09% 6.216.53 -5.38
S & P -0.18% 2.425.55 -4.46
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