• The main US stock indexes finished trading with a slight increase

Market news

28 September 2017

The main US stock indexes finished trading with a slight increase

The main US stock indices rose on Thursday, but only slightly, due to the cooling of enthusiasm caused by the tax plan of President Donald Trump.

Some support for the market was provided by data on the United States. As it became known, real GDP increased by 3.1% year-on-year in the second quarter, according to the "third" estimate published by the Bureau of Economic Analysis. In the first quarter, real GDP increased by 1.2%. Today's GDP estimate is based on more complete initial data than was available for the "second" estimate released last month. In the second estimate, real GDP growth was 3.0%.

In addition, the number of Americans applying for new unemployment benefits rose last week, at least in part reflecting the loss of work due to hurricanes Harvey and Irma. Initial applications for unemployment benefits, which reflect national layoffs, increased by 12,000 to 272,000, seasonally adjusted for the week ending September 23, the Ministry of Labor said on Thursday. Economists were expecting 270,000 new applications.

Most components of the DOW index finished trading in positive territory (19 out of 30). The leader of growth was the shares of McDonald's Corporation (MCD, + 2.39%). Outsider were shares United Technologies Corporation (UTX, -1.32%).

Most sectors of the S & P index recorded an increase. The utilities sector grew most (+ 0.3%). The largest decrease was observed in the services sector (-0.2%).

At closing:

DJIA + 0.18% 22,381.20 +40.49

Nasdaq + 0.00% 6,453.45 +0.19

S & P + 0.12% 2.510.06 +3.02

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.