• The major US stock indexes finished trading in positive territory

Market news

21 November 2017

The major US stock indexes finished trading in positive territory

The major US stock indices have risen markedly, reaching record levels amid rising technology prices for the second consecutive day, as well as good results from Medtronic (MDT).

In addition, as it became known, the index of economic activity from the Federal Reserve Bank of Chicago indicates the acceleration of economic growth in October. "As a result of the improvement in production-related indicators, the index of economic activity from the Federal Reserve Bank of Chicago (CFNAI) rose to +0.65 from +0.36 in September," the Federal Reserve Bank of Chicago said.

However, according to the National Association of Realtors, home sales in the secondary market rose in October to the highest levels since the beginning of this summer, but the permanent supply shortage led to less closing deals on an annual basis for the second consecutive month. Total secondary home sales, which are completed transactions including single-family homes, urban homes, condominiums and cooperatives, increased 2.0% to a seasonally adjusted annual rate of 5.48 million in October from a revised 5.37 million units in September. As a result of last month, sales were the fastest since June (5.51 million), but still remain 0.9% lower than a year ago.

Quotes of oil have moderately grown, supported by expectations of prolongation of the agreement on restriction of production at the next meeting of OPEC. At the same time, further price increases were limited by signs of an increase in the volume of oil production in the United States.

Most components of the DOW index finished trading in positive territory (25 out of 30). The leader of growth was the shares of Apple Inc. (AAPL, + 1.83%). Wal-Mart Stores, Inc. turned out to be an outsider. (WMT, -1.06%).

All sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 1.5%).

At closing:

DJIA + 0.69% 23.590.83 +160.50

Nasdaq + 1.17% 6,862.48 +79.69

S & P + 0.65% 2.599.03 +16.89

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