• The major US stock indexes finished trading in positive territory

Market news

9 May 2018

The major US stock indexes finished trading in positive territory

Major US stock indices rose on Wednesday amid rising oil prices after Donald Trump pulled the United States out of a nuclear deal with Iran.

In addition, as it became known, wholesale stocks in the US increased less than originally expected in March, amid a decline in car stocks and a number of other goods. The Ministry of Commerce said on Wednesday that wholesale stocks rose 0.3% instead of 0.5%, which it reported last month. Stocks of wholesalers in February rose by 0.9%. The component of wholesale stocks, which goes into the calculation of gross domestic product - wholesale stocks, excluding auto, - increased by 0.4% in March.

At the same time, producer prices in the US increased slightly last month, becoming a possible sign that inflationary pressures remain relatively modest in the economy. The producer price index, a measure of the prices charged by companies for their goods and services, increased seasonally by 0.1% in April compared with the previous month, the Ministry of Labor said on Wednesday. Economists forecast an increase of 0.2%. Since last year, producer prices have increased by 2.6% last month, which is the smallest annual increase since December.

Oil prices rose by almost 3%, reaching 3.5-year highs, after US President Trump refused a nuclear deal with Iran and announced the imposition of economic sanctions against a member of OPEC at "the highest level"

Most DOW components are in the black (22 out of 30). The leader of growth was the shares of DowDuPont Inc. (DWDP, + 2.82%). Outsider were shares Walmart Inc. (WMT, -3.14%).

Almost all sectors of S & P completed the auction in positive territory. The commodities sector grew most (+ 2.2%). The decrease was shown only by the utilities sector (-0.5%).

At closing:

Index

Dow 24,542.54 +182.33 +0.75%

S&P 500 2,697.79 +25.87 +0.97%

Nasdaq 100 7,339.90 +73.00 +1.00%

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