Major US stock indexes finished trading almost unchanged, as investors are cautious before the release of reports of major US companies.
This week, several large US companies, including Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), Johnson & Johnson (JNJ), should publicize their financial results for the second quarter of 2017. IBM (IBM), Microsoft (MSFT), General Electric (GE), etc. Analysts polled by FactSet believe that S & P500 companies completed the second quarter with higher profits. Although this growth probably slowed slightly compared to the first quarter, when companies published the best results from 2011, positive signs in many sectors should support the growth of shares in the second half of the year.
A small influence on the dynamics of trading was provided by statistical data for the United States. The results of the studies published by the Federal Reserve Bank of New York showed that the region's production index fell significantly in June, and was worse than the average forecasts of economists. According to the data, the production index in the current month fell to +9.8 points compared to +19.0 points in June. The previous value was not revised. Economists had expected the deterioration of the index only to +15.0 points.
Most components of the DOW index recorded a decline (16 out of 30). Outsider were the shares of JPMorgan Chase & Co. (JPM, -1.02%). The maximum increase was shown in the shares of The Home Depot, Inc. (HD, + 0.81%).
Most sectors of the S & P index ended the session in positive territory. The conglomerate sector grew most (+ 0.4%). The health sector showed the greatest decline (-0.3%).
At closing:
DJIA -0.03% 21.631.74 -6.00
Nasdaq + 0.03% 6,314.43 +1.96
S & P -0.00% 2,459.16 -0.11