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- Major US stock indexes ended in positive territory
Major US stock indexes ended in positive territory
Major US stock indexes rose moderately against the background of the last round of trade negotiations between the US and China, and despite fears of a possible government shutdown.
Representatives of the two largest economies in the world began negotiations in Beijing on Monday. This is the first one-on-one meeting since US President Donald Trump and Chinese President Xi Jinping agreed on a 90-day truce in the trade war in December to secure the conclusion of a trade agreement.
Investors also attracted US data. The index of business activity in the US service sector, calculated by the Institute for Supply Management (ISM), fell in December to 57.6 points from 60.7 points in November. Analysts predicted that the index fell to 59.1 points.
Oil prices rose on Monday, being on the path to a fifth consecutive sessional increase, helped by lower OPEC production and more stable stock markets.
Most DOW components are in the black (22 out of 30). The growth leader was The Home Depot, Inc. (HD, + 2.19%). The Coca-Cola Company (KO, -1.15%) was an outsider.
Almost all sectors of the S & P finished trading in positive territory. The greatest growth was shown by the service sector (+ 1.8%). Only utility sector decreased (-0.4%)
At the time of closing:
Dow 23,531.35 +98.19 +0.42%
S&P 500 2,549.69 +17.75 +0.70%
Nasdaq 100 6,823.47 +84.61 +1.26%
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