• The main US stock indexes finished trading mostly in positive territory

Market news

23 January 2018

The main US stock indexes finished trading mostly in positive territory

The main US stock indexes mostly rose on Tuesday, as optimistic results from Netflix (NFLX) stimulated the growth of the technology sector, while Dow was under pressure from the decline in shares of Johnson & Johnson (JNJ) and Procter & Gamble (PG).

In addition, a review by the Federal Reserve Bank of Richmond showed that activity of manufacturing firms in the Fifth Circuit slowed in January, despite the fact that each of the indicators remained positive. The composite index of business activity fell from 20 to 14. This decline was caused by a fall in the indicators of supply and employment. The third component, new orders, kept steadily. However, manufacturing firms were faced with an increase in unfulfilled orders in January, after a decline in December, as the index rose from -4 to 5.

Quotes of oil increased by more than 1.5% on Tuesday, supported by favorable prospects for world economic growth and expectations of further oil production constraints on the part of OPEC, Russia and their allies.

Most components of the DOW index finished trading in positive territory (17 out of 30). The leader of growth was the shares of The Travelers Companies, Inc. (TRV, + 4.66%). Outsider were shares of Johnson & Johnson (JNJ, -4.31%).

Almost all S & P sectors showed an increase. The conglomerate sector grew most (+ 0.9%). Nil change was recorded in the commodities sector, the health sector, and the consumer goods sector.

At closing:

DJIA -0.01% 26,210.81 -3.79

Nasdaq + 0.71% 7.460.29 +52.26

S & P + 0.22% 2.839.15 +6.18

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