Major US stock indexes mainly fell on the session
09.10.2018, 20:36

Major US stock indexes mainly fell on the session

Major stock indexes finished trading mainly in the red, having suffered from falling stocks of the industrial goods sector.

The focus of market participants was also a message about the IMF's decline in forecast for the growth rate of the global economy. The Fund lowered its forecast for the first time since 2016, and the reason for this is the growth of protectionism in the world. According to the updated IMF estimate, the global economy will grow by 3.7% per year over 2018-2019, while previously an increase of 3.9% was expected. The forecast for the US economy (from 2.7% to 2.5%), China (from 6.4% to 6.2%), the eurozone (from 2.2% to 2.0%), and significantly reduced forecast for developing economies.

In addition, the data showed that the US economic optimism index, calculated by Investor's Business Daily newspaper and TechnoMetrica Institute of Policy and Politics, rose in October to 57.8 points from 55.7 points in September, while the experts expected it will drop to 54.6 points.

Most of the DOW components recorded a decline (18 out of 30). The outsider was DowDuPont Inc. (DWDP ,, -3.67%). The growth leader was Walmart Inc. (WMT, + 2.52%).

Most sectors of the S & P finished trading in the red. The largest decline was in the industrial goods sector (-1.4%). The utility sector grew the most (+ 0.4%),

At the time of closing:

Dow 26,430.57 -56.21 -0.21%

S & P 500 2,880.34 -4.09 -0.14%

Nasdaq 100 7,738.02 +2.07 + 0.03%

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