The major US stock indices grew moderately on Monday, as investors switched their attention to the reporting season for the first quarter, while geopolitical problems faded into the background.
The main attention of investors is focused on the quarterly reporting of the corporate segment. This week, Bank of America (BAC), Goldman Sachs (GS), Johnson & Johnson (JNJ), IBM (IBM), American Express (AXP), Verizon (VZ), General Electric (GE), and a lot others.
In addition, as it became known, manufacturing activity in the New York area deteriorated significantly in April, which may indicate that the euphoria of the business community after the election of Trump begins to dissipate. According to the survey, the index of activity in the manufacturing sector from the Federal Reserve Bank of New York fell to 5.2 from 16.4 in March. It was expected that the index will be 15.0. The study still shows improvement in conditions, since the index was above zero. However, a number of key components, including new orders and shipments, also deteriorated.
At the same time, the confidence of builders in the market of newly built single-family houses in April fell by 3 points, to 68 points, according to the housing market index (HMI) from the National Association of Housing Developers. The component evaluating the current conditions of sales fell 3 points to 74, while the index reflecting the expected sales in the next 6 months fell by 3 points to 75. Meanwhile, the component measuring the traffic of buyers decreased by 1 point to 52.
Most components of the DOW index finished the trades in positive territory (28 out of 30). The shares of Chevron Corporation fell more than others (CVX, -0.23%). The leader of growth was the shares of The Boeing Company (BA, + 1.87%).
All sectors of the S & P index showed positive dynamics. The leader of growth was the financial sector (+ 1.5%).
At closing:
DJIA + 0.90% 20.636.58 +183.33
Nasdaq + 0.89% 5,856.79 +51.64
S & P + 0.86% 2,348.99 +20.04