• Major US stock indexes completed the session in different directions

Market news

18 July 2017

Major US stock indexes completed the session in different directions

The main US stock indexes finished trading without a single dynamic amid weak revenues of large banks and failures in the legislative agenda of President Donald Trump after the Republicans' efforts to review the health care system failed.

Meanwhile, the US Bureau of Labor Statistics said that in June, import prices fell by 0.2% after a decrease of 0.1% in May. Lower fuel prices led to a decline in June, which more than offset the increase in prices for non-fuel products. The US export price index fell 0.2% in June after a 0.5% decrease in May.

In addition, the confidence of builders in the market of newly built single-family houses fell by two points in July to a level of 64 from the revised June index of the index of the National Association of House Builders (HMI). This is the lowest since November 2016. All three components of the HMI recorded losses in July, but are still on solid territory. The component measuring current sales conditions fell by 2 points to 70, and the sales forecast index in the next six months decreased by 2 points to 73. The component measuring consumer traffic decreased by 1 point to 48.

Oil prices rose by almost 1%, as increased demand absorbed some of the surplus supplies of OPEC and the United States. Support for oil was also provided by the general weakness of the dollar.

Most components of the DOW index recorded a decline (19 out of 30). Outsider were the shares of The Goldman Sachs Group, Inc. (GS, -2.62%). The leader of growth was the shares of Johnson & Johnson (JNJ, + 1.98%).

Most sectors of the S & P index showed an increase. The utilities sector grew most (+ 0.3%). The greatest decrease was shown by the sector of conglomerates (-0.6%).

At closing:

DJIA -0.25% 21.576.03 -53.69

Nasdaq + 0.47% 6.334.31 +29.88

S & P + 0.06% 2.460.65 +1.51

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