Major US stock indexes finished trading above zero

Major stock indexes on Wall Street rose on Wednesday, buoyed by corporate reports and the outcome of the Fed meeting. Recall, the Fed has completed a two-day meeting on monetary policy and decided to leave its key interest rate near zero. The meeting, scheduled for September 16-17, the leadership of the central bank will have to make a difficult decision. Today, the Fed pointed to progress in the US labor market. It is a sign that the central bank aims to raise interest rates in September or later in the year. However, at the same time, the Fed signaled the concern of relatively low inflation, which could convince the leadership of the central bank to delay raising interest rates.

Among the companies reporting that for the last quarter will be published on Wednesday - Facebook Inc. and Whole Foods Market Inc. Gains of 75% of the companies of the index S & P 500, has already made public its quarterly reports, exceeded market expectations.

In addition, it was reported that after five consecutive months of growth of the sale of unfinished housing fell in June, but remained close to May's level, which was the highest in nine years, according to data of the National Association of Realtors. Modest gains in the Northeast and West were offset by a large decline in the Midwest and South. The index of pending home sales (PHSI), the forecast indicator on the basis of signed contracts fell by 1.8% to 110.3 in June, but was still 8.2% higher than in June 2014 (101.9). Despite the decline in the last month, the index finished third in 2015 and is currently growing at annualized for ten consecutive months.

Oil prices rose sharply, which was associated with the publication of a weekly report on petroleum inventories in the United States, which eased concerns about excess supply in the market. US Department of Energy reported that in the week ended July 24, commercial oil reserves in the country (excluding the strategic reserve), decreased by 4.2 million barrels to 459.7 million barrels. Analysts expected reduction of stocks for the week by 1 million barrels per day.

Almost all components of the index DOW finished trading in positive territory (26 of 30). Outsider shares were EI du Pont de Nemours and Company (DD, -0.64%). Most remaining shares rose Microsoft Corporation (MSFT, + 2.13%).

All sectors of the index S & P closed in the positive zone. Leaders of growth were the basic materials sector (+ 1.7%).

At the close:

Dow + 0.69% 17,751.19 +120.92

Nasdaq + 0.44% 5,111.73 +22.52

S & P + 0.73% 2,108.46 +15.21