• The main US stock indexes finished trading on the positive territory

Market news

22 January 2018

The main US stock indexes finished trading on the positive territory

Major US stock indices rose significantly on Monday, as investors bet on US lawmakers who must strike a deal to stop the closure of the federal government. At the same time, the market is supported by a flurry of M & A deals, which inspired investors.

In addition, as a result of improved production-related indicators, the Chicago Fed's economic activity index (CFNAI) rose to +0.27 in December from +0.11 in November. Two of the four broad categories of indicators that make up the index have increased since November, and three of the four categories made a positive contribution to the index in December. The three-month moving average of the index, CFNAI-MA3, fell to +0.42 in December from +0.43 in November.

The cost of oil increased by about 1%, supported by weakness of the US dollar, comments from Saudi Arabia, as well as strong economic growth, which helped to strengthen the demand for petroleum products. Saudi Energy Minister Khalid al-Falih said that OPEC and other producers will continue to cooperate on reducing oil production after 2018.

Most components of the DOW index finished trading in positive territory (20 out of 30). Leader of growth were shares of Verizon Communications Inc. (VZ, + 2.87%). Outsider - NIKE, Inc. (NKE, -1.25%).

Almost all sectors of the S & P index finished trading in positive territory. The base materials sector grew most (+ 1.2%). The sector of industrial goods decreased only (-0.1%).

At closing:

DJIA + 0.55% 26,214.60 +142.88

Nasdaq + 0.98% 7,408.03 +71.65

S & P + 0.81% 2,832.97 +22.67

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