• Major US stock indices declined moderately

Market news

15 June 2015

Major US stock indices declined moderately

Major US stock indexes ended today's trading in negative territory, while the index Dow Jones Industrial Average went into the negative zone since the beginning of the year. Dynamics of prices today dictate the news from Europe, namely Greece, which is close to default after talks with international creditors. Talks between Greece and its creditors broke up less than an hour on Sunday, resulting in Athens can not repay the $ 1.8 billion debt to the International Monetary Fund before the end of this month.

It should also be noted that industrial production in the US fell in May, this is a sign that the weak global demand and a strong dollar continues to constrain economic growth. As reported by the Federal Reserve, industrial production, which measures the release of US manufacturers, utilities and mines fell a seasonally adjusted 0.2% compared with the previous month. Capacity utilization, a measure of load in the industrial sector fell by two tenths of a percentage point to 78.1% in May. Given the decline, capacity utilization by two percentage points below its long-term average, marked since 1972.

At the same time, self-builders in the market of newly built single-family homes in June rose by five points to the level of 59, showed Housing Market Index (HMI) of the National Association of Home Builders / Wells Fargo, published on Monday. This is the highest since September 2014.

Almost all components of the index DOW closed in the red (27 of 30). Outsider shares were United Technologies Corporation (UTX, -2.40%). Most remaining shares rose UnitedHealth Group Incorporated (UNH, + 1.34%).

All sectors of the index S & P showed a negative trend. Outsiders were conglomerates sector (-1.8%).

At the close:

Dow -0.60% 17,791.04 -107.80

Nasdaq -0.42% 5,029.97 -21.13

S & P -0.46% 2,084.44 -9.67

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