Market news
31.10.2017, 20:09

The main US stock indexes finished trading on the positive territory

Major US stock indices slightly increased due to a rise in the price of shares of Mondelez and Kellogg after the publication of quarterly reports.

Some support for the market was also provided by statistics on the United States. As it became known that the growth in house prices accelerated in August, which indicates that despite the slowdown in sales in recent months, the demand for housing remains strong. The national housing price index from S & P / Case-Shiller, covering the whole country, grew by 6.1% in the 12 months ending August, higher than the 5.9% increase compared to the same period last year in July .

However, the data published by the Managers Association in Chicago showed that in October the index of purchasing managers in Chicago improved to 66.2 points from 65.2 points in September. The latter value was the highest since March 2011. Experts expected that the index will drop to 61.0 points.

In addition, the Conference Board consumer confidence index improved significantly in October after recording a slight increase in September. The index now stands at 125.9 (1985 = 100), compared with 120.6 in September (revised from 119.8). The index of the current situation increased from 146.9 to 151.1, and the index of expectations increased from 103.0 last month to 109.1.

Components of the DOW index finished trading mixed (16 in positive territory, 14 in negative territory). The leader of growth was shares of Intel Corporation (INTC, + 2.77%). Outsider were shares of General Electric Company (GE, -1.27%).

Almost all sectors of the S & P index recorded an increase. The consumer goods sector grew most (+ 1.0%). Only the financial sector declined (-0.1%).

At closing:

DJIA + 0.12% 23,377.11 +28.37

Nasdaq + 0.43% 6,727.67 +28.71

S & P + 0.09% 2.575.26 + 2.43

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