• The main US stock indexes fell slightly on the basis of trading results

Market news

17 May 2018

The main US stock indexes fell slightly on the basis of trading results

Major US stock indexes finished trading below zero, but the index of small-cap companies Russell 2000 reached a record level, despite the growth of yield of US bonds to seven-year highs.

A slight impact on the course of trading was provided by the report submitted by the Federal Reserve Bank of Philadelphia. It reported that the index of business activity in the production sector rose in May to a level of 34.4 points compared to 23.2 points in April. Economists had expected the decline to 21.0 points.

Quotes of oil have increased significantly due to fears that Iranian exports may fall due to the resumption of US sanctions, which will reduce supply in the already tougher market.

Most of the components of DOW finished trading in the red (19 of 30). Outsider were the shares of Cisco Systems, Inc. (CSCO, -3.76%). The leader of growth was the shares of The Coca-Cola Company (KO, + 1.81%).

Most S & P sectors recorded a decline. The utilities sector showed the greatest decrease (-0.6%). The conglomerate sector grew most (+ 1.0%).

At closing:

Index

Dow 24,713.98 -54.95 -0.22%

S & P 500 2,720.13 -2.33 -0.09%

Nasdaq 100 7,382.47-15.82 -0.21%

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.