• The main US stock indexes completed trading almost unchanged

Market news

22 September 2017

The main US stock indexes completed trading almost unchanged

Major US stock indexes finished the session around zero, as the fall in shares in the utilities sector and consumer goods was offset by growth in the conglomerate sector and industrial goods. In addition, September data showed that the business activity of the private sector in the US has improved significantly, while the composite index was close to the 7-month high. The last expansion of production in the private sector was supported by a steady increase in activity in the services sector, which contrasts with the relatively modest growth among manufacturing companies. In September, taking into account seasonal fluctuations, the composite PMI index was 54.6 points, which is less than 55.3 in August, but still much higher than the neutral point of 50 points.

The cost of oil futures rose slightly on Friday after large oil producers at a meeting of the OPEC-led committee announced record compliance with their agreement to cut production, but, as expected, did not decide to extend the agreement.

Most components of the DOW index recorded a decline (16 out of 30). Outsider were shares UnitedHealth Group Incorporated (UNH, -1.23%). Leader of the growth were shares of Cisco Systems, Inc. (CSCO, + 2.08%).

Most sectors of S & P completed the auction in positive territory. The conglomerate sector grew most (+ 0.7%). The utilities sector showed the greatest decrease (-0.6%).

At closing:

Dow -0.04% 22,349.59 -9.64

Nasdaq + 0.07% 6.426.92 +4.23

S & P + 0.06% 2.502.22 +1.62

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