The major US stock indexes finished trading in positive territory

The main US stock indexes have moderately grown, as the shares of the technology sector recovered, as well as amid news that the United States and China are trying to resume negotiations to prevent a trade war between the two largest economies of the world.

In addition, the focus was on the US. As it became known, in June, consumer spending in the US increased significantly, as households spent more on restaurants and housing, creating a solid base for the economy, which is steadily rising in the third quarter, while inflation is growing moderately. The Commerce Department reported that consumer spending, accounting for more than two-thirds of US economic activity, rose 0.4% last month. Data for May were revised to show that consumer spending rose 0.5% instead of the previously noted 0.2% increase. The growth in consumer spending last month was in line with the expectations of economists.

Meanwhile, the national housing price index from S & P / Case-Shiller, covering all nine census regions in the US, reported an annual increase of 6.4% in May, the same as in the previous month. The annual increase in the composite index for 10 megacities was 6.1% in May against 6.4% in the previous month. The index for 20 megacities published an increase of 6.5% compared to the previous year, compared with 6.7% in the previous month.

In addition, the Conference Board's consumer confidence index rose moderately in July, after a slight decline in June. The index is now 127.4 (1985 = 100), compared with 127.1 in June. The index of the current situation improved from 161.7 to 165.9, while the index of expectations fell from 104.0 to 101.7.

Most DOW components recorded a rise (19 out of 30). The leader of the growth were shares of 3M Company (MMM, + 3.43%). Outsider were the shares of Walgreens Boots Alliance, Inc. (WBA, -2.17%).

Almost all sectors of S & P completed the auction in positive territory. The industrial goods sector grew most (+ 2.0%). The decrease was shown only by the financial sector (-0.3%).

At closing:

Dow 25,415.19 +108.36 +0.43%

S&P 500 2,816.29 +13.69 +0.49%

Nasdaq 100 7,671.79 +41.78 +0.55%