• The main US stock indexes finished trading mostly in positive territory

Market news

22 March 2017

The main US stock indexes finished trading mostly in positive territory

The main stock indexes mainly grew, as the decline of the conglomerate sector was offset by the growth of shares of technology companies.

At the same time, market participants are increasingly doubting that Trump will be able to quickly and fully agree on all the promised reforms in Congress.

The focus was also on statistics for the United States. In January, housing prices remained at the same level in accordance with the monthly housing price index (HPI) of the Federal Housing Finance Agency. HPI reflects positive monthly increases from the beginning of 2012, with the exception of November 2013 and January 2017. The previously reported increase of 0.4% in December was confirmed. From January 2016 to January 2017, house prices rose 5.7%.

Meanwhile, the National Association of Realtors reported that in the US, home sales in the secondary market fell more than expected in February amid a continuing shortage of homes in the market. Sales of housing on the secondary market decreased by 3.7 percent and, taking into account seasonal fluctuations, reached an annual level of 5.48 million units. The pace of sales in January was not revised and remained at the level of 5.69 million units, which was the highest since February 2007. Economists predicted that sales would fall 2.0 percent to 5.57 million units. Sales increased 5.4 percent compared to February 2016, which underlines the sustainability of the housing market recovery, despite the growth in mortgage rates. Demand for housing is currently supported by the labor market, which has reached almost full employment. But home sales continue to be constrained by the shortage of homes available for sale, which leads to higher prices. The average price of the house increased by 7.7 percent compared to a year earlier to $ 228,400 in February. This marked the 60th consecutive month of annual growth in prices.

The components of the DOW index have mostly grown (19 out of 30). More shares fell NIKE, Inc. shares. (NKE, -6.94%). The leader of growth was shares of Microsoft Corporation (MSFT, + 1.31%).

The S & P sector finished the session mostly in positive territory. The conglomerate sector fell most of all (-0.4%). The leader of growth was the technological sector (+ 0.5%).

At closing:

Dow -0.03% 20.661.37 -6.64

Nasdaq + 0.48% 5,821.64 +27.81

S & P + 0.19% 2,348.45 +4.43

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