Major US stock indexes finished trading without a single dynamics

Major US stock indices ended mixed: the S & P 500 fell slightly, the Dow rose slightly, and the high-tech Nasdaq fell by about 0.8%, as mixed income reports and concerns about the upcoming trade negotiations between the US and China gave little incentive to recover markets from falling the day before.

Investors also awaited the start of a two-day Fed meeting. This will be the first meeting of the American regulator this year. Investors expect the Fed to take a more cautious stance on monetary policy this year than in 2018, under pressure from the peak of US corporate income and the threat of slowing economic growth both domestically and globally.

A certain impact on the course of trading has data for the United States. The Consumer Confidence Index from the Conference Board deteriorated markedly in January after it recorded a decline in December. The index now stands at 120.2 (1985 = 100), compared with 126.6 in December (revised from 128.1). Analysts had expected the index to be 124.9. The current situation index, based on consumers ’assessment of the current business and labor market conditions, fell from 169.9 to 169.6, while the expectations index, based on short-term consumer forecasts for income, business and labor market conditions, fell from 97.7 in December to 87.3 in January.

Most of the components of DOW finished trading in positive territory (16 of 30). The growth leader was Pfizer Inc. (PFE, + 3.14%). The outsider was Verizon Communications Inc. (VZ, -3.36%).

Most sectors of the S & P recorded an increase. The largest growth was shown by the industrial goods sector (+ 1.2%). The technological sector decreased more than others (-1.0%)

At the time of closing:

Dow 24,579.96 +51.74 +0.21%

S & P 500 2,640.00 -3.85 -0.15%

Nasdaq 100 7,028.29 -57.40 -0.81%