• The main US stock indexes rose on the basis of today's trading

Market news

7 May 2018

The main US stock indexes rose on the basis of today's trading

Major US stock indexes finished trading in positive territory, as oil reached $ 70 per barrel for the first time since the end of 2014, and the technology sector grew thanks to the rise in price of Apple shares for the sixth consecutive day.

The price of oil rose above $ 70 a barrel for the first time since November 2014 amid fears of investors about the crisis in Venezuela, as well as before the decision of US President Trump on the Iranian nuclear program.

Among corporate reports, it is worth noting the news that the Swiss giant Nestle has agreed to pay Starbucks (SBUX) about $ 7.2 billion for the right to sell its products around the world.

Most of the components of DOW finished trading in positive territory (17 out of 30). Caterpillar Inc. was the growth leader. (CAT, + 2.41%). Outsider were shares Walmart Inc. (WMT, -2.47%).

Almost all sectors of S & P recorded a rise. The conglomerate sector grew most (+ 2.0%). The decrease was shown only by the utilities sector (-0.8%).

At closing:

Dow 24,357.32 +94.81 +0.39%

S & P 500 2,672.63 +9.21 +0.35%

Nasdaq 100 7,265.21 +55.60 +0.77%

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