Major US stock indexes finished trading mostly in the red, amid the fading optimism observed at the beginning of the session due to information that the US Senate approved the largest change in tax legislation since the 1980s.
In addition, it became known that production orders in the US fell by 0.1% in October, mainly due to fewer orders for passenger planes, cars and trucks, a government report showed. The decline was focused on large aircraft and cars, on two volatile categories, which often distort the data of the main indicator. Orders, excluding transport, rose by 0.8%. Orders increased by 1.7% in September and by 1.2% in August.
However, the index of business activity in New York greatly improved last month, exceeding forecasts, and peaking in the last 4 months. This is evidenced by a report published by the Institute of Supply Management (ISM) in New York. According to the data provided, the index, which assesses the economic conditions in the manufacturing and services sectors for companies registered in New York, rose in November to 58.1 points from 51.6 points in October. The latter value was the highest since July (then the index was 62.8 points). It was predicted that the index will rise only to 54.0 points.
Most components of the DOW index finished trading in positive territory (19 out of 30). The leader of growth was the shares of The Walt Disney Company (DIS, + 5.13%). Outsider were shares of Microsoft Corporation (MSFT, -4.11%).
Most sectors of the S & P index recorded an increase. The services sector grew most (+ 0.7%). The greatest decline was shown by the technological sector (-1.6%).
At closing:
DJIA + 0.24% 24,290.39 +58.80
Nasdaq -1.05% 6,775.37 -72.22
S & P -0.11% 2,639.36 -2.86