The major US stock indexes finished trading in different directions

Major US stock indices showed mixed dynamics, as the growth of shares in the base materials sector was partially offset by negative dynamics of the conglomerate and consumer goods sector.

Oil rose more than 3% on Wednesday, reacting to a report from the US Energy Ministry, which reflected a decline in oil reserves, and sources that the top exporter Saudi Arabia wants to see the price of oil closer to $ 100 per barrel. The US Energy Ministry said that in the week of April 7-13, oil reserves fell by 1.071 million barrels to 427.6 million barrels. Analysts had expected a reduction of 1.429 million barrels. Oil reserves in the Cushing terminal fell by 1.1 million barrels, to 34.9 million barrels.

A certain influence on the dynamics of trading was provided by the Fed's Beige Book. The report reported that in all 12 zones of responsibility of the US Federal Reserve Bank in March-April there was an acceleration of economic activity and employment growth, however, the growth rates of wages for the most part remained modest. Meanwhile, companies in many regions reported high demand for labor, which makes it difficult to find qualified employees.

Components of the DOW index finished trading in different directions (17 in the red, 13 in the black). Outsider were the shares of International Business Machines Corporation (IBM, -7.55%). The growth leader was the shares of The Home Depot, Inc. (HD, + 2.90%).

Most sectors of the S & P recorded a rise. The base materials sector grew most (+ 2.0%). The consumer goods sector showed the greatest decrease (-0.4%).

At closing:

Dow 24,748.07 -38.56 -0.16%

S&P 500 2,708.64 +2.25 +0.08%

Nasdaq 100 7,295.24 +14.14 +0.19%