The main US stock indexes ended the session mostly in positive territory, as a significant rise in the price of Apple shares gave an impetus to the technology sector, and helped to compensate for the negative effect of the escalating trade tension between the US and China.

A certain influence on the dynamics of trading was also provided by the US data. As it became known, new orders for goods produced in the US grew during the second month in a row in June, but the plans for business expenses for equipment were not as strong as originally thought, which suggests a probable further slowdown in the third quarter. Orders for factory goods increased by 0.7%, which was supported by a high demand for transport equipment, electrical equipment, household appliances and components, as well as computers and electronic products. In May, production orders increased by 0.4%.

However, the index of business activity in New York improved significantly last month, and exceeded the average forecasts of experts. This is evidenced by a report published by the Institute of Supply Management (ISM) in New York. According to the data provided, the index, which assesses economic conditions in the manufacturing and services sectors for companies registered in New York, increased in July to 75.0 points from 55.0 points in June. It was predicted that the index will grow only to 59.4 points. The index, reflecting economic conditions in 6 months, fell to 77.8 points from 78.1 points in June.

Most of the components of DOW finished trading in the red (17 out of 30). Outsider shares were DowDuPont Inc. (DWDP, -2.28%). The leader of growth was the shares of Apple Inc. (AAPL, + 3.03%).

Most sectors of the S & P recorded a rise. The consumer goods sector grew most (+ 1.1%). The largest decrease was in the base resources sector (-0.7%).

At closing:

Index

Dow 25,326.16 -7.66 -0.03%

S&P 500 2,827.22 +13.86 +0.49%

Nasdaq 100 7,802.68 +95.40 +1.24%