Market news

29 September 2017
  • 20:14

    Major US stock indexes completed today's trading on the positive territory

    The main US stock indices grew moderately on Friday, reaching new record levels, which was mainly caused by a rise in price of shares of technology firms and pharmaceutical companies.

    In addition, some influence on the course of trading was provided by mixed data for the United States.

    The US Department of Commerce reported that consumer spending rose slightly in August, probably due to the fact that Hurricane Harvey had a negative impact on car sales, and annual inflation increased at the slowest pace since late 2015, indicating moderation in economic growth in the third quarter . Consumer spending in August rose by 0.1 percent. This followed an increase of 0.3 percent in July. Taking into account inflation, consumer spending fell by 0.1 percent in August, noting the first drop since January. The consumer price index (PCE), excluding food and energy, rose by 0.1 percent. The annual growth in the base PCE index slowed to 1.3 percent from 1.4 percent in July. This was the weakest growth since November 2015.

    Meanwhile, Chicago purchasing managers' index rose to 65.2 in September from 58.9 in August, reaching the highest level for three months, and the second - for three years. Optimism among firms relative to the business environment has strengthened, with each component of the index increased.

    In addition, the final research results submitted by Thomson-Reuters and the Michigan Institute showed that in September, US consumers felt more pessimistic about the economy than last month. According to the data, in September the consumer sentiment index fell to 95.1 points compared to the final reading for August of 96.8 points and the preliminary value for September of 95.3 points. It was predicted that the index will be 95.3 points.

    Most components of the DOW index finished trading in positive territory (18 out of 30). The leader of the growth were shares of Microsoft Corporation (MSFT, + 0.84%). Outsider were the shares of NIKE, Inc. (NKE, -1.48%).

    Almost all sectors of the S & P index recorded an increase. The technological sector grew most (+ 0.7%). Decrease showed only the sector of public services (-0.1%).

    At the moment, futures demonstrate the following dynamics:

    Dow + 0.11% 22.405.09 +23.89

    Nasdaq + 0.66% 6.495.96 +42.51

    S & P + 0.37% 2.519.36 +9.30

  • 18:59

    DJIA -0.01% 22,378.63 -2.57 Nasdaq +0.61% 6,492.54 +39.09 S&P +0.28% 2,517.14 +7.08

  • 16:00

    European stocks closed: FTSE 100 +49.94 7372.76 +0.68% DAX +124.21 12828.86 +0.98% CAC 40 +36.04 5329.81 +0.68%

  • 13:32

    U.S. Stocks open: Dow -0.16%, Nasdaq +0.14%, S&P -0.02%

  • 13:23

    Before the bell: S&P futures -0.06%, NASDAQ futures +0.12%

    U.S. stock-index futures were mixed on Friday, as concerns lingered about President Donald Trump's tax-reform plan making progress through Congress.


    Global Stocks:

    Nikkei 20,356.28 -6.83 -0.03%

    Hang Seng 27,554.30 +132.70 +0.48%

    Shanghai 3,349.22 +9.57 +0.29%

    S&P/ASX 5,681.61 +11.22 +0.20%

    FTSE 7,362.37 +39.55 +0.54%

    CAC 5,290.30 -3.47 -0.07%

    DAX 12,748.71 +44.06 +0.35%

    Crude $51.65 (+0.17%)

    Gold $1,289.10 (+0.03%)

  • 12:48

    Wall Street. Stocks before the bell

    (company / ticker / price / change ($/%) / volume)


    Amazon.com Inc., NASDAQ

    AMZN

    959

    2.60(0.27%)

    5078

    AMERICAN INTERNATIONAL GROUP

    AIG

    61.1

    0.13(0.21%)

    400

    Apple Inc.

    AAPL

    153

    -0.28(-0.18%)

    100731

    AT&T Inc

    T

    39.05

    0.01(0.03%)

    4062

    Barrick Gold Corporation, NYSE

    ABX

    16.26

    0.06(0.37%)

    5565

    Boeing Co

    BA

    254.6

    0.33(0.13%)

    315

    Cisco Systems Inc

    CSCO

    33.33

    -0.02(-0.06%)

    604

    Citigroup Inc., NYSE

    C

    72.52

    -0.13(-0.18%)

    12815

    Exxon Mobil Corp

    XOM

    82.1

    -0.09(-0.11%)

    787

    Facebook, Inc.

    FB

    168.9

    0.17(0.10%)

    19110

    Freeport-McMoRan Copper & Gold Inc., NYSE

    FCX

    14.36

    -0.06(-0.42%)

    23838

    General Electric Co

    GE

    24.28

    0.04(0.17%)

    9263

    Goldman Sachs

    GS

    234.24

    -1.23(-0.52%)

    1222

    Google Inc.

    GOOG

    951.13

    1.63(0.17%)

    1490

    Home Depot Inc

    HD

    162.85

    0.49(0.30%)

    1355

    Intel Corp

    INTC

    37.84

    0.01(0.03%)

    3764

    International Business Machines Co...

    IBM

    145.63

    -0.03(-0.02%)

    381

    Johnson & Johnson

    JNJ

    129.7

    0.23(0.18%)

    282

    JPMorgan Chase and Co

    JPM

    95.35

    -0.03(-0.03%)

    450

    McDonald's Corp

    MCD

    158.2

    0.71(0.45%)

    1096

    Microsoft Corp

    MSFT

    73.94

    0.07(0.09%)

    6532

    Nike

    NKE

    52.76

    0.13(0.25%)

    4368

    Procter & Gamble Co

    PG

    90.9

    0.01(0.01%)

    1000

    Starbucks Corporation, NASDAQ

    SBUX

    54.45

    -0.05(-0.09%)

    12602

    Tesla Motors, Inc., NASDAQ

    TSLA

    342.28

    2.68(0.79%)

    31395

    The Coca-Cola Co

    KO

    44.9

    -0.01(-0.02%)

    4999

    Visa

    V

    105.12

    0.54(0.52%)

    341

    Walt Disney Co

    DIS

    98.72

    0.67(0.68%)

    320

    Yandex N.V., NASDAQ

    YNDX

    32.39

    0.02(0.06%)

    100

  • 12:45

    Analyst coverage initiations before the market open

    Visa (V) initiated with an Overweight at Cantor Fitzgerald

  • 12:44

    Target price changes before the market open

    McDonald's (MCD) target raised to $180 from $170 at Telsey Advisory Group

  • 07:45

    Major European stock exchanges trading in the green zone: FTSE 7340.47 +17.65 + 0.24%, DAX 12727.35 +22.70 + 0.18%, CAC 5300.22 +6.45 + 0.12%

  • 06:11

    Eurostoxx 50 futures up 0.2 pct, DAX futures up 0.2 pct, CAC 40 futures flat, FTSE futures up 0.2 pct

  • 05:41

    Global Stocks

    U.S. stock benchmarks posted slight gains on Thursday, but the advance was enough to record a trio of all-time highs for three closely followed benchmarks: the Russell 2000, Dow transports and the S&P 500. The Trump administration's tax-overhaul proposal continued to fuel some buying appetite for equities.

    European stocks booked their sixth straight win Thursday on the way to a two-month high, but bank stocks pared bigger gains as market momentum surrounding prospects for U.S. tax cuts ebbed. Finishing firmly in the red were shares of Swedish apparel retailer H&M after a disappointing earnings report, while Ryanair Holdings PLC shares were dogged by troubles stemming from the carrier's ongoing cancellation of hundreds of flights.

    Global stocks continue to lack clear drivers as the September quarter comes to an end, with many market participants merely squaring up positions. In Asia Pacific, most countries' stock indexes are set to end the month higher, with solid earnings and broadly positive risk sentiment outweighing the region's geopolitical concerns, in particular the escalation of tensions between North Korea and the U.S.

29 September 2017
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.