• The main US stock indexes mostly rose

Market news

1 May 2018

The main US stock indexes mostly rose

Major US stock indexes finished trading mostly in positive territory, as a significant increase in shares of the conglomerate sector was compensated by the drop in quotations of the sector of industrial goods and the base materials sector.

In addition, the results of the survey indicated a sharp improvement in business activity in the US manufacturing sector. The last PMI value was the highest since September 2014, supported by stronger expansions and new orders. In addition, the new business has risen at the strongest pace for more than three and a half years. Meanwhile, the inflation rates of purchasing and selling prices have accelerated to the highest levels since mid-2011. The seasonally adjusted final purchasing managers index (PMI) in the US industry from IHS Markit rose to 56.5 in April, compared to 55.6 in March, and indicated the strongest growth in manufacturing activity in three and a half years. The rate of improvement was also significantly higher than the long-term average.

At the same time, the report from the Institute for Supply Management (ISM) showed that in April, activity in the US manufacturing sector decreased more than forecasted. The PMI index for the manufacturing sector fell to 57.3 points against 59.3 points in March. Analysts had expected the figure to drop to 58.3.

Most of the components of DOW finished trading in the red (22 of 30). The outsider was Pfizer (PFE, -3.56%). The leader of growth was shares of Intel Corporation (INTC, + 3.41%).

Most sectors of the S & P recorded a rise. The conglomerate sector grew most (+ 1.8%). The sector of industrial goods showed the greatest decrease (-0.7%).

At closing:

Dow 24,099.05 -64.10 -0.27%

S&P 500 2,654.80 +6.75 +0.25%

Nasdaq 100 7,130.70 +64.44 +0.91%

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