• Major US stock indexes finished bidding in different directions

Market news

22 October 2018

Major US stock indexes finished bidding in different directions

Major US stock indexes ended the trading session mixed, as the disappointing quarterly reports of a number of companies and the fall of the financial sector were offset by growth in the conglomerate sector.

The focus of investors was also data from the Chicago Fed, which showed that the growth rate of economic activity slowed in September compared with August. According to the report, the national activity index was +0.17 against +0.27 in August. Indicators related to production made a negative contribution to the index, dropping to +0.11 from +0.16 in August, while employment indicators made a positive contribution, reaching +0.07 against +0.06 in August.

Most of the components of DOW finished trading in the red (19 out of 30). The outsider was DowDuPont Inc. (DWDP, -2.50%). The growth leader was shares of Intel Corporation (INTC, + 2.55%).

Most sectors of the S & P recorded a decline. The largest decline was shown by the financial sector (-1.1%). The conglomerate sector grew the most (+ 1.2%),

At the time of closing:

Dow 25,317.00 -127.34 -0.50%

S & P 500ь 2,755.84 -11.94 -0.43%

Nasdaq 100 7,468.63 +19.60 +0.26%

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