The main US stock indices rose slightly on Tuesday, reaching new record highs, helped by the rally in the conglomerate and services sector, as well as the appreciation of shares of Ford Motor (F) and General Motors (GM) after automakers reported strong sales in September .
Gradually, investors' attention shifts to the quarterly reporting of the corporate segment for the third quarter (the unofficial start of the season of reports of US companies will occur on October 12 with the publication of financial results of several major financial institutions (Citigroup (C), JPMorgan Chase (JPM).) According to Thomson Reuters, , included in the index basket S & P 500, is expected to show an increase of 6.2% compared with the same period last year, after exceeding expectations of growth of 12.3% y / y in the second quarter.
Oil traded in a narrow range on Tuesday, remaining near the opening level of the session, as traders analyzed the prospects for global oil supplies against the backdrop of growth in OPEC production in September, and also expected fresh data on oil stocks in the US. Later today, the American Petroleum Institute will present its report on oil products reserves, and on Wednesday official figures on oil reserves from the US Energy Ministry will be released. Recall, a week earlier, oil reserves, according to the Ministry of Energy, fell by 1.846 million barrels. According to forecasts, last week the oil reserves decreased by 0.756 million barrels. Analysts also expect an increase of 1.5 million barrels in gasoline inventories and a drop of 2.4 million barrels in distillate stocks.
Most components of the DOW index finished trading in positive territory (25 out of 30). Wal-Mart Stores, Inc. became the leader of growth. (WMT, + 1.13%). Outsider were the shares of NIKE, Inc. (NKE, -0.65%).
Almost all sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 0.6%). The decrease was shown only by the utility sector (-0.2%).
At closing:
DJIA + 0.37% 22.641.67 +84.07
Nasdaq + 0.23% 6.531.71 + 14.99
S & P + 0.22% 2.534.58 + 5.46