• The main US stock indices increased significantly as a result of today's trading

Market news

20 April 2017

The main US stock indices increased significantly as a result of today's trading

Major US stock indices added about a percentage on Thursday, mainly due to the growth of shares in the conglomerate sector and financial segment.

In addition, as it became known today, new applications for unemployment benefits in the US rose slightly more than expected last week, but the number of Americans who continue to receive unemployment benefits fell to a 17-year low, indicating a tightening of the labor market. Initial claims for unemployment benefits increased by 10,000 and, taking into account seasonal fluctuations, reached 244,000 for the week ending April 15. This increase followed a three-week decline. Economists predicted that primary treatment will grow to 242,000 people. The average four-week moving average of calls, which is considered to be the best indicator of labor market trends, fell by 4,250 to 243,000 last week. The report also showed that the number of repeated applications for unemployment benefits decreased by 49,000 to 1.98 million in the week to April 8. This was the lowest rate since April 2000.

At the same time, the report submitted by the Federal Reserve Bank of Philadelphia showed that the index of business activity in the production sector fell in April to 22 points from 32.8 points in March. Economists had expected a decline to 25 points. The employment index rose to 19.9 from 17.5 in March, while the index of new orders fell to 27.4 from 38.6 in March.

Oil futures fell a little on Thursday, Negative impact on prices was provided by evidence of an increase in oil production in the US, but further drop in quotes held back comments from the leading oil producers in the Gulf of Mexico regarding the extension of the current agreement to reduce oil production.

Most components of the DOW index finished trading in positive territory (26 out of 30). More fell shares Verizon Communications Inc. (VZ, -1.35%). The leader of growth was shares of American Express Company (AXP, + 6.12%).

Almost all sectors of the S & P index showed a positive trend. The leader of growth was the conglomerate sector (+ 1.7%). Only the utilities sector fell (-0.3%).

At closing:

DJIA + 0.86% 20.579.26 +174.77

Nasdaq + 0.92% 5,916.78 +53.75

S & P + 0.76% 2,355.92 +17.75

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