Market news
09.06.2017, 20:13

Major US stock indexes ended the session mostly in negative territory

Major US stock indices fell mainly on Friday, weighed down by the drop in shares in the technology sector and the consumer goods segment. In addition, the course of trading affected the controversial results of the parliamentary elections in Britain, which took place the day before.

According to the exit polls, the Conservative Party has not yet gained a majority. Now the Conservatives have 318 seats in the parliament, and for the majority they need 8 seats more. Their main opponents - Laborites - strengthen their positions, they have 267 seats. Meanwhile, the BBC officially announced that the result of the elections was a suspended parliament. However, the media reported that the Conservative Party and the Democratic Unionist Party of Northern Ireland (DUP) have agreed to create a coalition that will allow May to remain prime minister. The DUP Party received mandates for 10 seats in the parliament, as a result of which May will be able to obtain an absolute majority.

In addition, today it became known that wholesale stocks in the US fell more strongly in April than previously estimated by the government, publishing their biggest drop in more than a year, while sales also fell sharply. The Ministry of Trade reported that wholesale stocks fell by 0.5 percent in April after an increase of 0.1 percent in March. Last month, the Mintorg reported that wholesale stocks fell by 0.3 percent in April. Vehicle inventories declined by 1.4 percent, while oil inventories fell by 5.0 percent, their largest decline since December 2015. The stock of paper fell by 1.8 percent, and this was the largest decline in the category since January 2013. Wholesale stocks of electrical goods also fell by 0.1 percent, while equipment stocks were unchanged. At the sales level in April, wholesalers would need 1.28 months to clear the shelves, the figure has not changed since March.

Gradually, market participants switch their attention to the meeting of the US Federal Reserve, which is scheduled for 13-14 June. According to the futures market, the probability of an increase in the Fed rate at the meeting in June is 99.6% against 94.6% the previous day and 92.3% a week earlier (June 2).

Most components of the DOW index recorded a rise (21 out of 30). Most fell shares of Apple Inc. (AAPL, -4.31%). Leader of growth were the shares of Pfizer Inc. (PFE, + 3.10%).

The sectors of the S & P index showed mixed dynamics. The leader of growth was the sector of basic materials (+ 1.2%). The technological sector fell the most (-2.4%).

At closing:

DJIA + 0.42% 21,271.97 +89.44

Nasdaq -1.80% 6,207.92 -113.84

S & P -0.08% 2.431.77 -2.02

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location