• The main US stock indexes ended the session mostly in positive territory

Market news

10 July 2017

The main US stock indexes ended the session mostly in positive territory

The main US stock indexes mainly increased, as the rise in price of shares in the technological sector outweighed losses in the conglomerate sector.

Important data that could have an impact on the mood of global sites, was not published. The strong US labor market data released on Friday added investors confidence in the strength of the economy. Now the market participants are looking forward to the comments of the head of the Fed Yellen, who on Wednesday and Thursday will deliver a semi-annual report in Congress. As expected, Yellen can signal about the further actions of the regulator. While the most likely is the adoption at a meeting in September of a decision on the beginning of the process of reducing the balance, while the increase in rates is projected in December.

In the focus of attention are shares of the company Tesla (TSLA). At the weekend, the company's CEO posted on Twitter and Instagram a photo of the first Tesla Model 3 car, on which the new four-door sedan was parked in front of the Tesla plant in Fremont, California.

Investors are gradually preparing for the season of corporate reporting for the second quarter, which starts this Friday with the publication of the results of financial "whales" JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC). Analysts predict that in the second quarter of the company S & P 500 will show an 8-percent y / y growth in profits (according to Thomson Reuters).

The components of the DOW index finished trading mixed (15 in positive territory, 15 in negative territory). Leader of growth were shares of Visa Inc. (V, + 1.47%). Wal-Mart Stores, Inc. turned out to be an outsider. (WMT, -2.55%).

Most sectors of the S & P recorded a rise. The technological sector grew most (+ 0.8%). The greatest decrease was shown by the sector of conglomerates (-0.4%).

At closing:

DJIA -0.02% 21.410.33 -4.01

Nasdaq + 0.38% 6.176.39 +23.31

S & P + 0.09% 2.427.45 + 2.27

Market Focus
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