Major US stock indexes finished trading in positive territory

Major US stock markets rose sharply in the last hour of trading, and ended the session in positive territory as tax losses from the sale decreased.

Thursday was the last day for the sale of tax losses, so buyers on the falls expected a profitable opportunity.

Earlier in the course of trading, pressure on the indices was exerted by renewed tensions between China and the United States. Reuters reported that President Trump is considering signing a decree in the new year prohibiting US companies from using Chinese equipment from Huawei and ZTE from Huawei and ZTE. Investors are worried that the president’s decision could jeopardize negotiations between the two largest economies in the world who are trying to conclude a trade deal. The report of the Conference Board, which showed that the consumer confidence index fell to 128.1 in December from 136.4 in November (revised from 135.7), also had a negative impact on the mood of market participants. Analysts had expected the index to be 133.7.

Almost all components of DOW recorded an increase (28 out of 30). The growth leader was 3M Company (MMM, + 2.38%). Apple Inc.’s shares turned out to be an outsider. (APL, -0.65%).

Almost all sectors of the S & P finished trading in positive territory. The industrial goods sector grew the most (+ 1.2%). The decline showed only the conglomerate sector (-0.6%)

At the time of closing:

Dow 23,138.82 +260.37 +1.14%

S & P 500 2,488.83 +21.13 +0.86%

Nasdaq 100 6,579.49 +25.14 +0.38%