Market news
07.11.2017, 21:08

The main US stock indexes finished trading mostly in the red

The main US stock indexes mostly fell: S & P was negatively affected by the fall in financial stocks, and Nasdaq dipped against the backdrop of a weak forecast by Priceline.

In addition, as shown by the survey of vacancies and labor turnover (JOLTS), published by the Bureau of Labor Statistics in the US, in September the number of vacancies increased to 6.093 million. Meanwhile, the indicator for August was revised upwards to 6,090 million from 6,082 million. Analysts had expected the number of vacancies to rise to 6.091 million. The vacancy rate was 4.0%, unchanged from August. The number of vacancies has changed little in both the private sector and the government segment.

Other data showed that the index of economic optimism in the US, calculated by the Investor's Business Daily newspaper and the research firm TechnoMetrica Institute of Policy and Politics, increased significantly in November, reaching 53.6 points, which is a high reading since March 2017. Experts expected that the figure will increase only to 51.2 points compared to 50.3 points in October. The index value above 50 points indicates optimism. It is worth emphasizing that the index is above the level of 50 for 14 consecutive months, which is the longest series for more than a decade. At the same time, the index is now 9.2 points higher than in December 2007, when the economy entered a recession.

Oil fell in price on Tuesday after it showed the highest session increase on the eve of 6 weeks. The dynamics of trading affects the tension between Saudi Arabia and Iran, which intensified after the strengthening of power by the Prince of Saudi Arabia.

Components of the DOW index finished trading mixed (14 in positive territory, 16 in negative territory). Outsider were the shares of JPMorgan Chase & Co. (JPM, -2.21%). The leader of growth was the shares of DowDuPont Inc. (DWDP, + 1.14%).

Almost all sectors of the S & P index recorded a decline. The largest decrease was shown by the sector of conglomerates (-1.2%). The utilities sector grew most (+ 0.8%).

At closing:

DJIA + 0.03% 23.554.48 +6.06

Nasdaq -0.27% 6,767.78 -18.65

S & P -0.02% 2.590.58 -0.55

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