• The major US stock indexes finished trading with a slight change

Market news

28 August 2017

The major US stock indexes finished trading with a slight change

Major US stock indices closed near the zero mark on Monday, as investors assessed the impact of tropical storm Harvey in the US. The losses of insurance and oil companies were offset by growth in retail chains, healthcare and construction stores.

In addition, it became known that the deficit of international trade in July was $ 65.1 billion, which is $ 1.1 billion more compared to $ 64.0 billion in June. The export of goods for July was $ 127.1 billion, which is $ 1.6 billion less than in June. Import of goods for July was $ 192.2 billion, which is $ 0.5 billion less than in June.

However, data provided by the Federal Reserve Bank of Dallas, showed that in August, the business activity of Texas producers slightly increased, despite the projected decline. According to the report, the Dallas Federal Reserve's production index in August rose to 17.0 points from 16.8 points in July. Analysts had expected a decline to 16.5 points. Recall, the value of the index above zero indicates an increase in business activity. Economists perceive reports of regional federal reserve banks as preliminary data before the publication of the monthly report of the Institute for Supply Management (ISM).

Quotes of oil fell significantly on Monday, the reason for this was a decrease in demand for oil from US refineries, some of which were closed due to hurricane Harvey.

Most components of the DOW index recorded a decline (16 out of 30). Outsider was the shares of The Travelers Companies, Inc. (TRV, -2.55%). The growth leader was the shares of The Home Depot, Inc. (HD, + 1.18%).

The sectors of the S & P index showed mixed dynamics. The largest decline was demonstrated by the financial sector (-0.4%). The healthcare sector grew most (+ 0.7%).

At closing:

DJIA -0.02% 21,808.40 -5.27

Nasdaq + 0.28% 6.283.02 +17.38

S & P + 0.05% 2.444.24 +1.19

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.