• The main US stock indices fell on the results of today's trading

Market news

17 September 2018

The main US stock indices fell on the results of today's trading

The main US stock indexes finished trading on the negative territory, which was due to the decrease in shares of Apple (AAPL) and Amazon (AMZN), as well as expectations that President Donald Trump will go on the introduction of new tariffs on Chinese goods worth $ 200 billion.

In addition, the focus was on the US. Research results from the Federal Reserve Bank of New York showed that the region's production index fell more than the average forecasts of economists. According to the data, the production index in the current month fell to +19.0 points compared to +25.6 points in August. Previous value was not revised. Economists had expected the index to drop to 23.0 points.

Oil futures fell slightly as investors focused on the impact of US sanctions on Iran, despite Washington's assurances that Saudi Arabia, Russia and the United States could jointly raise production quickly enough to compensate for the drop in supplies.

Most of the components of DOW finished trading in the red (16 of 30). Outsider were the shares of Apple Inc. (AAPL, -2.33%). The leader of the growth were shares of 3M Company (MMM, + 0.90%).

Most S & P sectors recorded a decline. The largest decline was in the services sector (-1.1%). The utilities sector grew most (+ 0.4%).

At closing:

Index

Dow 26,062.12 -92.55 -0.35%

S & P 500 2,888.80 -16.18 -0.56%

Nasdaq 100 7,895.79 -114.25 -1.43%

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