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- Major US stock indexes finished trading mainly in the red
Major US stock indexes finished trading mainly in the red
Major US stock indices have predominantly declined, as continuing concerns about the global economy outweighed reports that Special Prosecutor Muller did not find evidence of an agreement between President Trump’s team and Russia in the 2016 US presidential election.
Weak data on activity in the industrial sector from the USA, Europe and Japan on Friday led to the inversion of the yield curve of US Treasury bonds for the first time since 2007, which heightened concerns about the global economic downturn. Investors perceived this as a signal that a recession could occur soon. In addition, the Fed noted the expected slowdown in the economy last week and announced the decision not to raise interest rates this year.
Most of the components of DOW finished trading in the red (18 out of 30). The outsider was Apple Inc. stock. (AAPL, -1.40%). The growth leader was the shares of The Boeing Co. (BA, + 2.06%).
S & P sectors demonstrated mixed dynamics. The largest decline was shown by the technology sector (-0.2%). The utility sector grew the most (+ 0.6%).
At the time of closing:
Dow 25,516.83 +14.51 +0.06%
S & P 500 2,798.34 -2.37 -0.08%
Nasdaq 100 7,637.54 -5.13 -0.07%
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