The main US stock indexes rose, but only slightly, as investors are concerned about the possibility of President Donald Trump to implement his policy, and on the eve of a potentially tense meeting with Chinese President Xi Jinping, scheduled for April 6-7 in Florida.
The market moved away from session lows after Trump stated that infrastructure costs in the US could exceed $ 1 trillion and that his administration was working on major changes in Dodd-Frank banking regulation, reviving some of his campaign promises.
In addition, according to a report from the Department of Commerce, the US trade deficit in February fell more than expected, as exports increased to a two-year high, and a slowdown in domestic demand was due to imports. According to the report, the trade deficit decreased by 9.6% to $ 43.6 billion. Economists predicted a reduction in the trade deficit to $ 44.9 billion in February.
At the same time, production orders rose in February for the seventh time in eight months, which was a sign of a recovery in the manufacturing industry. Production orders rose by 1%, the Commerce Ministry said, which corresponds to a consensus forecast. The release in January was raised to 1.5%.
The components of the DOW index have mostly grown (19 out of 30). More shares fell NIKE, Inc. shares. (NKE, -0.97%). Caterpillar Inc. (CAT, + 2.12%) was the growth leader.
The sectors of the S & P index showed multidirectional dynamics. The conglomerate sector fell most of all (-0.5%). The leader of growth was the sector of basic materials (+ 0.7%).
At closing:
DJIA + 0.19% 20.689.18 +38.97
Nasdaq + 0.07% 5,898.61 +3.93
S & P + 0.05% 2,360.11 +1.27