• he main US stock indexes finished the session above the zero mark

Market news

4 April 2017

he main US stock indexes finished the session above the zero mark

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

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