• Major US stock indexes finished trading in negative territory

Market news

30 July 2018

Major US stock indexes finished trading in negative territory

The main US stock indices dropped noticeably, as disappointing forecasts from technological and Internet companies caused concern about the continued growth of the high-tech sector.

Investors also attracted some attention from the US. The National Association of Realtors reported that in June, as a whole, unfinished transactions for the sale of housing increased in all four major regions, but overall activity fell behind the level of the previous year for the sixth month in a row. The index of unfinished housing transactions (PHSI), the forecast figure based on the signing of contracts, rose by 0.9% to 106.9 in June from 105.9 in May.

However, data provided by the Federal Reserve Bank of Dallas, showed that in July, the business activity of Texas producers moderately deteriorated, but it turned out to be higher than the experts' forecasts. According to the report, the Dallas Federal Reserve's production index in July fell to 32.3 points from 36.5 points in June. Analysts had expected the index to fall to 31.0 points.

Quotes of oil rose on Monday, helped by the weakening of the US dollar and the continued cautiousness of investors regarding the prospects for supply.

Most components DOW completed the auction mixed (15 in the black, 15 in the red). Leader of the growth were shares of Merck & Co., Inc. (MRK, + 2.14%). Outsider were shares of Visa Inc. (V, -2.90%).

Almost all S & P sectors recorded a decline. The biggest drop was shown by the technological sector (-1.6%). Only the commodity sector grew (+ 0.5%).

At closing:

Dow 25,306.83 -144.23 -0.57%

S&P 500 2,802.60 -16.22 -0.58%

Nasdaq 100 7,630.00 -107.42 -1.39%

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