The main US stock indexes rose strongly on Wednesday, despite news of China's plans to introduce retaliatory measures to introduce duties from the US.
On the eve of the US published a list of goods imported from China worth about $ 50 billion, which are planned to introduce 25% duty. The list, in particular, includes such goods of Chinese manufacture as cars, motorcycles, railway transport, machine tools, medical and other equipment, aviation spare parts, satellites - only 1300 names.
In addition, the focus was on the US. As it became known, the index of business activity in the US services sector, calculated by the Institute for Supply Management (ISM), deteriorated in March to 58.8 points compared to 59.5 points in February. Analysts predicted that the figure will drop only to 59.2 points. However, the current value of the index is only 1.1 points below the maximum of this year, 59.9 points, which was set in January.
At the same time, the seasonally adjusted final index of business activity in the US services sector from IHS Markit reached 54.0 in March, compared with 55.9 in February. Moreover, the average value of the index for the first three months of 2018 was generally in line with the rate of expansion that was observed in 2017 as a whole. The survey participants largely linked the growth of business activity with diversification and more favorable conditions for demand.
Most components of the DOW index finished trading in positive territory (26 out of 30). The leader of growth was the shares of International Business Machines Corporation (IBM, + 2.93%). Outsider were shares of The Boeing Company (BA, -1.22%).
All sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 1.6%).
At closing:
Dow 24,264.16 +230.80 +0.96%
S&P 500 2,644.70 +30.25 +1.16%
Nasdaq 100 7,042.11 +100.82 +1.45%