• Major US stock indexes finished trading in positive territory

Market news

21 May 2019

Major US stock indexes finished trading in positive territory

Major US stock indexes have risen significantly, as reports that the United States temporarily eased restrictions on the Chinese company Huawei, somewhat reduced investor concerns about the further escalation of the trade war between the two largest economies in the world.

On Monday evening, the US government temporarily relaxed some trade restrictions imposed on Chinese Huawei Technologies last week to minimize disruptions to telecommunications company clients around the world. The US Department of Commerce said it would allow Huawei to purchase American-made goods to maintain existing networks and update software for existing Huawei phones until August 19. Against this background, stocks of semiconductor manufacturers, which suffered significant losses on Monday, recorded a noticeable increase.

Investors also analyzed quarterly reports from several retailers that were disappointing. On the contrary, the market was supported by Boeing (BA) shares, which rose 1.56% after the publication of The Wall Street Journal reported that a collision with birds could have caused the 737 Max plane crash in March.

At the same time, investors did not pay attention to the disappointing data on the housing market. According to a report by the National Association of Realtors (NAR), sales of homes on the secondary market fell by 0.4% to an annual level of 5.19 million in April after a decrease of 4.9% to 5.21 million in March. Economists had expected home sales to grow by 2.7%, to 5.35 million.

Almost all the components of DOW finished trading in positive territory (25 out of 30). The growth leader was Apple Inc. (AAPL; + 2.14%). Outsiders were The Procter & Gamble Company (PG; -0.75%).

All sectors of the S & P recorded an increase. The industrial goods sector grew the most (+ 1.2%).

At the time of closing:

Dow 25,867.13 +187.23 +0.73%

S & P 500 2,866.04 +25.81 +0.91%

Nasdaq 100 7,792.04 +89.66 +1.16%


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