• Major US stock indexes fell on the session

Noticias del mercado

5 diciembre 2017

Major US stock indexes fell on the session

Major US stock indexes finished trading in negative territory amid a decline in almost all sectors and publication of weak statistical data for the United States. In addition, investors assessed the changes to the Senate tax reform bill, which could affect the ability of companies to reduce their tax costs.

As it became known, the survey data from Markit in November signaled a slower expansion of business activity in the US services sector. Although output growth slightly decreased to a five-month low, the growth of new orders accelerated and was strong overall. The growth rate of employment in the meantime reached a three-month peak, which helped reduce the pressure of the tank. In accordance with this, the stock accumulation softened to a five-month low. The inflationary pressure of both purchasing and selling prices has grown at a faster pace. The latest poll also indicates a drop in business confidence to its lowest level since February. The index of business activity in the US services sector from IHS Markit was 54.5 in November, compared with 55.3 in October. Despite the fact that the last reading of the index reflected a weaker expansion of production, the overall growth rate, however, met the latest standards.

At the same time, the index of business activity in the US services sector, calculated by the Institute for Supply Management (ISM), fell to 57.4 points in November, compared to 60.1 points in October. Analysts predicted that the index will deteriorate to 59 points. Recall, the indicator is the result of a survey of about 400 firms from 60 sectors across the US. A value greater than 50 is usually considered an indicator of the growth of production activity.

Most components of the DOW index recorded a decline (22 out of 30). Outsider were shares of The Walt Disney Company (DIS, -2.73%). The leader of growth was the shares of McDonald's Corporation (MCD, + 1.43%).

Almost all sectors of the S & P index ended the session in negative territory. The utilities sector showed the greatest decrease (-1.1%). Only the technological sector grew (+ 0.1%).

At closing:

DJIA -0.45% 24.180.64 -109.41

Nasdaq -1.25% 6,762.21 -85.37

S & P -0.37% 2,629.57 -9.87

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: