Major US stock indexes finished trading with a significant increase

Major US stock indices have risen strongly, helped by favorable reports from Microsoft, Twitter, Ford and Visa, as well as the rally in the technology sector, the services sector and the financial sector.

The focus of investors was also data on the US housing market. The National Association of Realtors reported that unfinished home sales transactions rose slightly in the United States as a whole, and increased significantly in both the West and the Midwest. The index of pending home sales rose to 104.6 in September from 104.1 in August. However, compared to the same period last year, contracts signed decreased by 1.0%, which led to an annual decline for the ninth consecutive month. Lawrence Yun, chief economist at NAR, says that, despite the fact that we are still seeing a decline on an annualized basis, the latest monthly increase is a good stabilizing trend. "This shows that buyers are still on the sidelines, waiting to get back into inventory review, and the market price is right," he said.

In addition, today the representative of the Federal Reserve Clarida confirmed the Central Bank's plans to gradually increase interest rates and explained why strong economic growth may not cause an increase in inflation, which requires a more drastic increase in interest rates. He said that the economy, more than in the previous 10 years, was close to the Fed's target figures, designed to increase employment while maintaining price stability, and noted that the question was how to maintain achievements.

Most of the components of DOW finished trading in positive territory (23 of 30). The growth leader was Microsoft Corporation (MSFT, + 6.31%). The outsider was Verizon Communications Inc. (VZ, -1.69%).

Almost all sectors of the S & P recorded an increase. The technological sector grew the most (+ 3.0%). Decline showed only the utilities sector (-0.9%)

At the time of closing:

Dow 24,984.35 +400.93 +1.63%

S & P 500 2,705.61 +49.51 +1.86%

Nasdaq 100 7,318.34 +209.94 +2.95%