• The main US stock indexes rose on the results of today's session

Market news

25 April 2017

The main US stock indexes rose on the results of today's session

Major US stock indexes finished trading in positive territory, and Nasdaq for the first time in history reached a mark of 6,000 points, which was supported by strong corporate reports and the promise of President Donald Trump about the implementation of a major tax reform plan.

In addition, as it became known, in February, house prices for one family accelerated more rapidly than expected in February, which was caused by low housing stocks. The combined index S & P CoreLogic Case-Shiller for 20 megacities rose in February by 5.9% compared to the previous year, after a 5.7% growth in January. The results of February exceeded the forecast for the increase by 5.7 percent and were the biggest increase in annual terms since July 2014.

In addition, the index of consumer confidence from the Conference Board, which increased in March, declined in April. Now the index is 120.3 (1985 = 100), compared with 124.9 in March. The index of the current situation decreased from 143.9 to 140.6, and the index of expectations fell from 112.3 last month to 106.7.

At the same time, sales of new single-family homes in the US rose to an eight-month high in March, pointing to the strength of the economy, despite the apparent sharp slowdown in growth in the first quarter. The Commerce Department reported that sales of new buildings jumped 5.8% to a seasonally adjusted annual rate of 621,000 units last month, the highest level since July 2016. Sales of new buildings grew by 15.6% compared to March 2016. Economists predicted that sales of new buildings, which account for about 9.8 percent of total housing sales, will drop to 583,000 units.

Most components of the DOW index recorded a rise (26 out of 30). Caterpillar Inc. (CAT, + 8.30%) was the growth leader. More fell shares Verizon Communications Inc. (VZ, -0.58%).

All sectors of the S & P index finished trading in positive territory. The leader of growth was the sector of basic materials (+ 0.9%).

At closing:

DJIA + 1.12% 20,995.78 +231.89

Nasdaq + 0.70% 6,025.49 +41.67

S & P + 0.61% 2,388.56 +14.41

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