Major US stock indexes finished trading mainly in the red

Major US stock indices predominantly declined, as the collapse of the commodity sector leveled a positive from the growth of the technology sector and hopes for a deal between the US and China.

Oil prices fell by 8%, while WTI crude futures reached a minimum since mid-November 2017 due to lingering concerns about weakening global demand, oversupply and sales among other asset classes, including stocks.

Gradually, the focus of investors is shifting to inflation data for the US, which will be released tomorrow. Recall the CPI was soft in September. General inflation was constrained by falling energy prices, but a flat (close to negative) value of food prices also put pressure on the general price increase. With the exception of food and energy, core inflation was also soft. However, in this case, the weakness, apparently, was associated with the prices of goods, in particular for vehicles. According to forecasts, in October, the consumer price index rose by 0.3%.

Most of the components of DOW finished trading in the red (18 out of 30). The outsider was Exxon Mobil Corporation (XOM, -2.29%). The growth leader was the shares of Intel Corporation (INTC, + 1.59%).

Most of the S & P sectors have shown a boost. The financial sector grew the most (+ 0.5%). The largest decline was in the commodity sector (-2.1%).

At the time of closing:

Dow 25,286.49 -100.69 -0.40%

S&P 500 2,722.18 -4.04 -0.15%

Nasdaq 100 7,200.88 +0.01 +0.00%