• The main US stock indexes finished trading without a single dynamics

Market news

14 September 2017

The main US stock indexes finished trading without a single dynamics

Major US stock indexes ended the session in different directions, as the rise in price of shares in the utilities sector was almost completely offset by a fall in shares of service companies.

Meanwhile, the focus was on the US data. The number of Americans applying for unemployment benefits unexpectedly fell last week, but the data was affected by Hurricanes Harvey and Irma, which makes it difficult to get a clear picture of the labor market. Initial applications for unemployment benefits fell by 14,000 to 284,000, seasonally adjusted for the week ending September 9, the Ministry of Labor said on Thursday.

In addition, as it became known today, higher rents and gas prices in August hit the pockets of consumers, but the cost of medical care has grown at the lowest rate since 1965, which can keep inflation in the US if the trend continues. The consumer price index, or the cost of living, rose 0.4% last month, which was the biggest increase since January. Economists predicted an increase in the CPI by 0.3%.

Most components of the DOW index showed positive dynamics (18 in positive territory, 12 in negative territory). The leader of growth was shares United Technologies Corporation (UTX, + 2.53%). Outsider were the shares of The Coca-Cola Company (KO, -1.60%).

Most sectors of the S & P index recorded a decline. The largest drop was shown by the service sector (-0.6%). The utilities sector grew most (+ 0.7%).

At closing:

DJIA + 0.22% 22,207.07 +48.89

Nasdaq -0.48% 6,429.08 -31.11

S & P -0.11% 2,495.69 -2.68

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