• Major US stock indexes rose by the end of today's trading

Market news

9 February 2018

Major US stock indexes rose by the end of today's trading

Major US stock indexes fluctuated between profit and loss, but eventually completed the trading with a confident increase, having received support from reports of US President Trump signing a bill to extend government funding.

The focus was also on the United States. As it became known, wholesale stocks in the US grew stronger than expected in December, although more slowly than a month earlier. Commodity stocks in warehouses of wholesale trade increased by 0.4% to $ 612.1 billion, outperforming growth estimates of 0.2%. In November, the number of unsold stocks on wholesalers shelves increased by 0.6%, the November figure was revised from 0.8 percent in a preliminary report released on Friday. At current levels, it would take 1.22 months for wholesalers to free their shelves, which is more than last year's ratio of 1.29.

Oil prices fell more than 3%, recording a sixth consecutive shedding in a row and the largest weekly loss in 10 months, as the record volume of oil production in the US added to fears of a sharp increase in global supplies.

Most components of the DOW index finished trading in positive territory (26 out of 30). Leader of the growth were shares of NIKE, Inc. (NKE, + 5.15%). Outsider were shares United Technologies Corporation (UTX, -0.77%).

Almost all sectors of S & P recorded a rise. The technological sector grew most (+ 2.4%). Decrease showed only the conglomerate sector (-1.2%).

At closing:

Dow + 1.38% 24.190.90 +330.44

Nasdaq + 1.44% 6,874.49 +97.33

S & P + 1.49% 2,619.55 +38.55

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