• The main US stock indexes completed the session in a negative territory

Market news

12 June 2017

The main US stock indexes completed the session in a negative territory

The main US stock markets closed below zero on the back of continuing decline in shares of technology companies and the consumer goods sector.

In recent months, shares of major technology companies have pushed up indices, mainly due to the publication of strong quarterly statements. However, too much growth of these shares, as well as a number of pessimistic analytical notes about the prospects for the sector, caused investors a concern, culminating in the sale on Friday.

The market's attention shifts to the meeting of the Open Market Committee of the Fed, which will begin tomorrow, and its results will be announced on Wednesday. From the June meeting of the regulator is widely expected to take a decision on tightening monetary policy, as well as providing clearer guidance for the markets on plans to reduce the balance.

The price of oil rose moderately on Monday, breaking the two-day decline after futures traders increased rates for the resumption of price increases, although the growth in drilling activity in the US helped keep the physical market bloated.

Most components of the DOW index recorded a decline (18 out of 30). More shares fell shares of Apple Inc. (AAPL, -3.16%). The leader of growth was shares of General Electric Company (GE, + 3.85%).

Most sectors of the S & P index closed in the red. Most of all, the consumer goods sector fell (-0.6%). The growth leader was the conglomerate sector (+ 0.4%).

At closing:

DJIA -0.17% 21.236.43 -35.54

Nasdaq -0.52% 6.175.47 -32.45

S & P -0.10% 2,429.43 -2.34

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