• The major US stock indexes finished trading in positive territory

Market news

11 September 2018

The major US stock indexes finished trading in positive territory

The main US stock indexes have grown moderately due to the increase in technological stocks, which have become cheaper in the last few days.

The focus was also on the United States. As it became known, wholesale stocks in the US grew slightly less than originally expected in July, as vehicle stocks fell even more, but probably the result will not change expectations that investment in stocks will support economic growth in the third quarter. The Ministry of Commerce reported that wholesale stocks rose by 0.6%, and not by 0.7%, as reported last month.

At the same time, the JOLTS survey, published by the US Bureau of Labor Statistics, showed that in July the number of vacancies increased to a new record high, to 6.939 million from 6.822 million in June (revised from 6.662 million). Analysts had expected the number of vacancies to drop to 6.68 million. The vacancy rate was 4.4%, unchanged from June. The number of vacancies has changed little in both the private sector and the government. As for the branches, the number of vacancies increased in the area of ​​finance and insurance (+46 000) and the production of short-term goods (+32 000), but declined in retail trade (-85 000), in educational services (-34 000) and in the federal government (-19,000).

Oil prices have risen by almost $ 2, as the upcoming US sanctions cut Iran's crude oil exports, toughening global supplies, despite Washington's attempts to force other producers to increase production.

Most components of DOW have finished trading in positive territory (18 out of 30). The leader of growth was the shares of Apple Inc. (AAPL, + 2.24%). Outsider were shares of Intel Corporation (INTC, -2.98%).

Most sectors of the S & P recorded a rise. The base materials sector grew most (+ 0.7%), while the utilities sector showed the greatest decrease (-0.4%)

At closing:

Dow 25,971.06 +113.99 +0.44%

S & P 500 2,887.89 +10.76 +0.37%

Nasdaq 100 7,972.47 +48.31 +0.61%

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