• Major US stock indexes completed the session mixed

Market news

29 November 2017

Major US stock indexes completed the session mixed

Major US stock indices showed mixed dynamics on Wednesday: Nasdaq fell more than 1%, S & P almost did not change, and the Dow grew moderately. Investors sold technological shares and switched to financial assets, which received a strong impetus due to economic data and comments from Fed officials regarding future rate increases.

As it became known, economic growth in the US in the third quarter was stronger than previously thought, while corporate profits recovered during the summer months. Gross domestic product, a wide range of goods and services created in the US, in the third quarter increased by 3.3%, seasonally adjusted and adjusted for inflation, in the third quarter, the Ministry of Commerce said.

Meanwhile, unfinished transactions for the sale of housing increased by 3.5% in October, but remained 0.6% lower than a year ago, the National Association of Realtors reported. Economists predicted an increase in the index by 1% in October. The value of the index in October was 109.3, where the level of 100 was the same as the average level of contract activity during 2001. The indicator for September changed slightly, to 105.6.

Most components of the DOW index finished the session in positive territory (20 out of 30). The leader of growth was UnitedHealth Group Incorporated (UNH, + 3.05%). Outsider were shares of Visa Inc. (V, -3.37%).

The sectors of the S & P index showed mixed dynamics. The financial sector grew most (+ 0.7%). The largest losses were recorded in the technological sector (-2.1%).

At closing:

DJIA + 0.44% 23.940.68 +103.97

Nasdaq -1.27% 6,824.34 -88.02

S & P -0.04% 2,626.07 -0.97

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