Major US stock indexes finished trading above zero

Major US stock indices closed in the green zone, as the strong labor market data helped the financial sector, and the recovery in oil prices sent the energy sector up.

As shown by data provided by Automatic Data Processing (ADP), employment growth in the US private sector accelerated in July, and were higher than forecasts of experts. According to the report, in July, the number of employees increased by 179 thousand. People in comparison with the upwardly revised figure for June at the level of 176 thousand. (Originally reported growth of 172 thousand.). Analysts had expected the number of people employed will increase by 170 thousand.

In addition, final data from Markit Economics showed: the seasonally adjusted index of business activity in the US service sector amounted to 51.4 points in July, unchanged compared with June. Previously it reported a decline to 50.9 points. It was expected that the index was 50.9 points.

It also became known that the index of business activity in the US service sector, calculated by the ISM, deteriorated in June, reaching a level of 55.5 points compared with 56.5 points in the previous month. According to the forecast value of the index was to drop to 56 points.

Oil prices jumped by about 4% and WTI crude oil rose back above $ 41 per barrel. Support to the market have the data from the Ministry of Energy of the United States, who reported a greater than expected reduction of stocks of gasoline. US Department of Energy announced that from 23 July to 29 July oil inventories rose 1.4 million barrels to 522.5 million barrels. Analysts had expected a decline of 2 million. Barrels. Oil reserves in Cushing terminal fell by 1.1 million barrels to 64.1 million barrels.

Most components of the DOW index finished trading in positive territory (16 of 30). More rest up shares JPMorgan Chase & Co. (JPM, + 1.49%). Outsider were shares of Pfizer Inc. (PFE, -3.13%).

Sector S & P index closed mixed. The leader turned out to be the basic materials sector (+ 1.3%). Most utilities sector fell (-0.5%).

At the close:

Dow + 0.22% 18,353.83 +40.06

Nasdaq + 0.43% 5,159.74 +22.01

S & P + 0.31% 2,163.72 +6.69