Major US stock indexes finished trading in positive territory

The main US stock indices rose significantly on Tuesday amid the investors' expected annual meeting of central banks in Jackson-Khol this week (the annual economic symposium of the Fed, which will be held August 24-26).

The focus was also on the United States. The results of the survey of the Federal Reserve Bank of Richmond indicated that business activity in the Fifth area did not change in August. In August, the compound index remained at 14, while the employment index increased, but the index of shipments fell and a slight decrease showed the index of new orders. Although the employment index in August increased from 10 to 17, other indicators of activity in the labor market - wages and average workweek - remained practically unchanged.

Oil rose in price by about 0.5%, responding to signs that the offer is gradually tightening, especially in the US. Additional support was provided by the news that the Libyan oil field of Sharar was closed a few hours after the resumption of work after a three-day blockade of the pipeline.

"Reserves of crude oil in the US have been declining steadily in recent weeks," said Fawad Razakzada, a futures market analyst at Forex.com "If the downward trend in oil reserves continues, this will be a bullish factor for oil, especially given the current supply constraints from OPEC And Russia. "

Now, market participants are preparing to publish data on oil products in the US. Later, today the report will be presented by the American Petroleum Institute, and on Wednesday official figures on oil reserves from the US Energy Ministry will be released. Recall, a week earlier, oil reserves, according to the Ministry of Energy, fell by 8.945 million barrels. According to average forecasts, last week oil reserves fell by 3.375 million barrels. "Another decline in oil reserves in the US could push prices again, but the growth potential may be limited, especially if US oil reserves again begin to rise," said Hans van Cleef, an economist at ABN AMRO.

Most components of the DOW index finished the session in positive territory (27 out of 30). The leader of growth were the shares of Cisco Systems, Inc. (CSCO, + 1.96%). Outsider were shares of Intel Corporation (INTC, -0.70%).

All sectors of the S & P index recorded an increase. The technological sector grew most (+ 1.3%).

At closing:

DJIA + 0.90% 21,899.90 +196.15

Nasdaq + 1.36% 6.297.48 +84.35

S & P + 0.99% 2.452.47 +24.10