• The main US stock indexes completed the session almost unchanged

Market news

8 May 2017

The main US stock indexes completed the session almost unchanged

Major US stock indexes finished trading near the zero mark after reaching record highs, as investors were looking for fresh catalysts after the expected victory of centrist Emmanuel Macron in the presidential elections in France.

In addition, according to the report presented by the Conference Board, the US employment trends index, which is a set of labor market indicators, improved in April. According to the data, the April index of employment trends increased to 132.64 points compared to 131.58 points in March (revised from 131.43 points). In annual terms, the index rose by 4.1%. "The employment trends index is skyrocketing in 2017, suggesting that a steady increase in the number of jobs will continue in summer." Labor market conditions are likely to be tightened even more, as a steady increase in employment occurs at a time when The labor market has almost no growth in the able-bodied population, "said Ged Levanon, chief economist at the Conference Board.

American investors are also waiting for the end of the corporate reporting season. On Tuesday, quarterly results should be published by Disney, and later this week the reports will be released by major retailers - Macy's, Nordstrom and J.C. Penney.

Most components of the DOW index finished trading in the red (21 of 30). Most fell shares of E.I du Pont de Nemours and Company (DD, -1.33%). Leader of growth were shares of Apple Inc. (AAPL, + 2.65%).

Almost all sectors of the S & P index recorded a decline. The health sector fell most (-0.9%). Growth was demonstrated only by the consumer goods sector (+ 0.5%).

At closing:

DJIA + 0.02% 21.011.94 +5.00

Nasdaq + 0.03% 6.102.66 +1.90

S & P + 0.00% 2,399.38 +0.09

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