Novosti i prognoe: tržište kapitala od 10-09-2018

Major US stock indices showed mixed dynamics, as the fall in Apple's shares compensated for optimism about plans for further tax cuts.

Republicans in the House of Representatives of the US Congress plan to report a new portion of tax cuts this week, hoping to make a clear distinction between themselves and the Democrats on the eve of the congressional elections scheduled for November 6. The package, called "Tax Reform 2.0", is an addition to the Trump Tax reform of 2017, which is expected to increase the US budget deficit by $ 1.5 trillion within 10 years, due to tax cuts for US companies.

Investors also attracted some attention from the Conference Board, which showed that the August index of employment trends improved to 110.88 points compared to 109.58 points in July (revised from 109.89 points). This change represents an increase in the index by 6.9% compared to the same period in 2017. The Conference Board said that the increase in the index in August was due to the positive contribution of all 8 components.

Most of the components of DOW finished trading in positive territory (16 out of 30). The growth leader was the shares of The Home Depot, Inc. (HD, + 2.21%). Outsider were UnitedHealth Group Incorporated (UNH, -3.17%).

Almost all sectors of S & P recorded a rise. The conglomerate sector grew most (+ 1.9%). Decrease showed only the health sector (-0.1%) and the sector of basic materials (-0.1%).

At closing:

Dow 25,857.07 -59.47 -0.23%

S & P 500 2,877.13 +5.45 +0.19%

Nasdaq 100 7,924.16 +21.62 +0.27%

U.S. stock-index futures rose on Monday, as hopes for a new round of tax cuts in the U.S. outweighed concerns over the U.S.-China trade tensions, which raised on Friday after the U.S. president Donald Trump threatened to impose tariffs on an additional $267 billion of Chinese goods.

Global Stocks:

(company / ticker / price / change ($/%) / volume)

UnitedHealth (UNH) downgraded to Neutral from Buy at Citigroup