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%