• Major US stock indices mostly decreased

Market news

13 December 2018

Major US stock indices mostly decreased

Major US stock markets ended the session mainly in the red, as the rally caused by the progress in the US-China trade negotiations subsided. Pressure on the indices also had a drop in the quotes of the conglomerate sector.

Market participants also analyzed data on the US labor market, which showed that the number of Americans who applied for unemployment benefits last week fell, and was the strongest in 3.5 years. This may allay concerns about the fact that the recent increase in the number of applications signaled weak spots in the labor market. According to the report, the number of initial claims for unemployment benefits declined by 27,000 during the week of December 2–8, averaging 206,000 with seasonal adjustments. -year minimum, reached in September. It was expected that the number of applications will be 225,000.

Most of the components of DOW recorded an increase (17 of 30). The growth leader was the shares of The Procter & Gamble Company (PG, + 2.67%). The outsider was NIKE, Inc. (NKE, -1.75%).

Most sectors of the S & P finished trading in the red. The most conglomerate sector fell (-1.0%). The growth leader was the utility sector (+ 0.8%).

At the time of closing:

Dow 24,597.38 +70.11 + 0.29%

S & P 500 2,650.54  -0.53 -0.02%

Nasdaq 100 7,070.33  -27.98 -0.39%

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