• Major US stock indexes ended the trading session in positive territory

Market news

19 February 2019

Major US stock indexes ended the trading session in positive territory

Major US stock indexes rose on Tuesday, as the rise in prices for Walmart shares offset the fall in the financial and health sectors.

The value of Walmart shares rose 2.23% after the company reported exceeding expectations for quarterly earnings. The retailer also reported that online sales soared 43% y / y in the last quarter. Strong company data brought relief to investors with investments in retail stocks, after weak retail data released last week put pressure on the segment.

The focus of market participants also continues to be trade negotiations between the United States and China. Both countries must close the deal by early March. Otherwise, additional US tariffs for Chinese goods may come into force. US President Donald Trump recently made it clear that he can extend the period by 60 days to give negotiators more time to conclude a deal.

Data on the USA also had a definite influence on the course of trading. A report from the National Association of Home Builders (NAHB) showed that home builders felt better about the state of their industry, as lower interest rates increase consumer confidence. According to a monthly survey, the NAHB housing market index rose to 62 points from 58 points in January. Analysts had expected the index to rise only to 59 points.

Most of the components of DOW recorded an increase (17 of 30). The growth leader was Walmart Inc. (WMT, + 2.23%). The outsider was NIKE, Inc. (NKE, -0.73%).

Almost all sectors of the S & P finished trading in positive territory. The raw materials sector grew the most (+ 0.9%). Only the health sector decreased (-0.2%).

At the time of closing:

Dow 25,891.32 +8.07 +0.03%

S & P 500 2,779.76 +4.16 +0.15%

Nasdaq 100 7,486.77 +14.36 +0.19%

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