Major US stock indexes finished trading in the green zone

Major US stock indexes rose on Wednesday, offset by large losses overnight, fed by the US elections. Positive market growth has made sectors that are willing to benefit from the presidency of Donald Trump.

For markets Trump victory was quite unexpected, since the race was considered the favorite, Hillary Clinton, seen as more predictable candidate. Trump position in matters of foreign policy, trade and immigration, on the contrary, is a source of concern for the markets. In his victory speech Trump promised to improve the state of the American economy and seek dialogue and partnership with other countries.

In addition, as it became known in the US wholesale inventories in September rose slightly less than previously reported. As reported on Wednesday, the Ministry of Commerce, inventories rose by 0.1% during the month. The monthly report of the Ministry of economic indicators, published last month, estimated that wholesale inventories rose 0.2% in September, as well as economists forecast.

Oil has moved into positive territory after earlier fallen by almost 4% in response to the unexpected results of the elections in the United States. The market has a gradual improvement in investor sentiment, as well as mixed data on US petroleum inventories. Analysts said although Trump victory strengthened concern about the future of economic growth and demand for oil, there is also support oil factors, such as potential changes in US policy toward Iran. US Department of Energy reported that crude oil inventories rose more than expected, but decreased stocks of gasoline and distillates. According to the report, during the week of October 29 November 4, oil stocks rose 2.4 million barrels to 485 million barrels. Analysts had expected an increase by only 1.33 million barrels.

Most DOW components of the index closed in positive territory (20 of 30). Most remaining shares rose Pfizer Inc. (PFE, + 8.58%). Outsider were shares of The Procter & Gamble Company (PG, -1.66%).

Most of the S & P sectors recorded increase. The leader turned out to be the health sector (+ 3.9%). Most utilities sector fell (-3.0%).

At the close:

Dow + 1.40% 18,588.90 +256.16

Nasdaq + 1.11% 5,251.07 +57.58

S & P + 1.11% 2,163.25 +23.69