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

Market news

23 February 2018

The main US stock indexes finished trading on the positive territory

The main US stock indexes rose significantly, as the rise in the price of shares in the utilities sector and the technology segment helped to compensate for losses caused by fears about an increase in interest rates.

Looking back at the recent stock market sell-off and concerns over inflation, the Fed said it expects growth to remain stable and that there will not be serious risks on the horizon that could halt the planned rates of interest rate hikes. "Short-term changes in interest rates are the best way to implement policies." The changes in the Fed's guidelines may reduce the need for bond purchases, "the Fed's monetary policy report said." Inflationary expectations may be lower than previously thought. "Low core inflation remains" a mystery "".

Quotes of oil rose by more than 1%, helped by the reduction in production in Libya and optimistic comments from Saudi Arabia that efforts to reduce reserves through oil production constraints are working. Oil reversed early losses after news of the closure of the El Fel oil field in Libya, which produces 70,000 barrels per day. The extraction in Libya, which is a member of OPEC, is about 1 million barrels per day, although it remains unstable due to riots.

Almost all components of the DOW index recorded a rise (28 out of 30). The leader of growth was shares of Intel Corporation (INTC, + 4.21%). Outsider were shares of General Electric Company (GE ,, -0.89%).

All sectors of S & P finished trading in positive territory. The utilities sector grew most (+ 2.3%).

At closing:

Dow + 1.39% 25,309.99 +347.51

Nasdaq + 1.77% 7.337.39 +127.30

S & P + 1.60% 2.747.30 +43.34

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.