The main US stock indexes mostly fell, as the continuing effects of the Fed's less aggressive position vis-à-vis the rates had a negative impact on the financial sector. As it became known today, manufacturing production in the US increased for the sixth consecutive month in February, which indicates that the recovery of production is gaining momentum, as rising commodity prices increase the demand for engineering products and other equipment. The Federal Reserve said manufacturing production in the manufacturing sector rose 0.5% last month.
In addition, preliminary research results submitted by Thomson-Reuters and the Michigan Institute showed that the mood sensor among US consumers increased in March, exceeding the average forecasts. According to the data, in March the consumer sentiment index rose to 97.6 points compared to the final reading for February at the level of 96.3 points. According to average estimates, the index had to grow to the level of 97 points.
At the same time, the index of leading economic indicators from the Conference Board (LEI) for the US increased by 0.6% in February, to 126.2 (2010 = 100) after a 0.6% increase in January, as well as an increase of 0, 6% in December. Analysts had expected the index to grow by 0.4%.
The components of the DOW index have mostly grown (17 out of 30). More shares fell The Goldman Sachs Group, Inc. (GS, -1.58%). The leader of growth was shares United Technologies Corporation (UTX, + 1.12%).
Most sectors of the S & P index recorded an increase. The leader of growth was the utilities sector (+ 0.9%). The financial sector fell most of all (-0.5%).
At closing:
Dow -0.10% 20,914.49 -20.06
Nasdaq + 0.00% 5,901.00 +0.24
S & P -0.14% 2,378.08 -3.30