• The major US stock indexes finished trading in different directions

Market news

19 October 2017

The major US stock indexes finished trading in different directions

Major US stock indexes completed the trading session without a single dynamic against the backdrop of the fall in Apple shares and a number of weak corporate results.

A certain influence on the course of trading was provided by the US data. The Ministry of Labor reported that the number of Americans applying for unemployment benefits fell to its lowest level for more than 44 years in the past week, indicating a rebound in employment growth after the decline associated with a decline in employment in September. Primary claims for unemployment benefits fell by 22,000 to 222,000, seasonally adjusted for the week to October 4, the lowest level since March 1973. Data for the previous week were revised, and showed 1000 more initial hits than previously reported.

At the same time, the report submitted by the Federal Reserve Bank of Philadelphia showed that the index of business activity in the production sector increased in October, reaching a level of 27.9 points compared to 23.8 points in September. Economists had expected a decline to 22 points.

In addition, the index of leading indicators from the Conference Board for the US fell by 0.2 percent in September to 128.6, after an increase of 0.4 percent in August and 0.3 percent in July. "The index fell for the first time in the past 12 months, partly as a result of the temporary impact of hurricanes," said Ataman Ozildirim, director of business cycles at the Conference Board. - The source of weakness was focused on the labor market, while most of the components of the index continued to make a positive contribution. Despite the decline in September, the long-term trend of LEI remains in line with the continued steady growth of the US economy in the second half of the year. "

Most components of the DOW index finished trading in positive territory (20 out of 30). The leader of growth was the shares of The Travelers Companies, Inc. (TRV, + 2.28%). Outsider were the shares of Apple Inc. (AAPL, -2.60%).

Most sectors of the S & P index recorded a decline. The largest decrease was in consumer goods (-1.3%). The utilities sector grew most (+ 0.7%).

At closing:

DJIA + 0.04% 23,166.69 +9.09

Nasdaq -0.29% 6,605.07 -19.15

S & P + 0.03% 2.562.11 + 0.85

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