• Major US stock indexes finished trading in negative territory

Market news

14 March 2018

Major US stock indexes finished trading in negative territory

Major US stock indexes ended the session in negative territory, with the Dow Jones industrial index falling most, as US producers continue to worry about the impact of new tariffs on trade.

In addition, as the report of the Ministry of Trade showed, retail sales decreased by 0.1% m / m in February, while economists expected to see growth of 0.3% m / m. At the same time, the indicator for the previous month was revised to -0.1% m / m from -0.3% m / m. Excluding sales of cars, retail sales grew by 0.2%, against analysts' forecasts + 0.4% m / m. The indicator for the previous month was revised to + 0.1% from 0.0%.

At the same time, the report of the Ministry of Labor showed that in February producer prices increased by 0.2% m / m (against the forecast + 0.1% m / m), whereas without changes in the cost of food and energy, producer prices rose by 0.2% m / m (against the forecast + 0.2%). Year-on-year, the producer price index (CPI) rose 2.8%, and the basic CPI jumped 2.5%, as economists had expected.

Most components of the DOW index finished trading in the red (25 of 30). The leader of growth was the shares of The Walt Disney Company (DIS, + 0.19%). Outsider were shares of The Boeing Company (BA, -2.53%).

Most S & P sectors recorded a decline. The largest drop was shown by the sector of industrial goods (-0.9%). The utilities sector grew most (+ 0.6%).

At closing:

Dow -1.00% 24,758.12 -248.91

Nasdaq -0.19% 7.496.81 -14.20

S & P -0.57% 2,749.48 -15.83

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