Major US stock indices fell significantly, which was due to increased fears about inflation and higher bond yields.

Negligible impact on the course of trading also provided data on the United States. The research data in January indicate a continuation of business activity growth in the US services sector, although growth slowed for the third month and reached a nine-month low. Nevertheless, new orders continued to expand sharply, and the growth rate accelerated to the fastest since September last year. Seasonally adjusted final index of business activity in the US services sector from IHS Markit was 53.3 in January against 53.7 in December. The last value of the index showed that business activity among service providers has reached its weakest level since April 2017. The survey data linked the current recovery with more favorable economic conditions.

Meanwhile, the index of business activity in the US services sector, calculated by the Institute for Supply Management (ISM), rose in January to a level of 59.9 points compared to 55.9 points in December. Analysts predicted that the figure will rise to 56.5 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.

All components of the DOW index finished trading in the red (30 of 30). Outsider were shares of Exxon Mobil Corporation (XOM, -5.41%).

All sectors of the S & P index showed a fall. The largest decrease was registered in the sector of industrial goods (-4.1%).

At closing:

DJIA -4.60% 24,345.75 -1175.21

Nasdaq -3.78% 6,967.53 -273.42

S & P -4.10% 2,648.94 -113.19