Market news
17.01.2018, 21:16

The main US stock indexes finished trading with a confident increase

Major US stock indices rose strongly, while the DJIA index closed for the first time above 26,000, helped by a rise in the price of shares of technological and industrial companies. Meanwhile, further increases were limited to losses of General Electric Company and The Goldman Sachs Group.

The focus was also on the United States. The Fed said industrial production rose 0.9 percent in December, helped by sustained growth in the mining industry following a revised 0.1 percent decline in November. Economists predicted that industrial production will grow by 0.3 percent after a 0.2 percent growth was registered in November. Industrial production grew at an annualized rate of 8.2 percent in the fourth quarter, which was the largest increase since the second quarter of 2010. For the whole of 2017, the volume of industrial production grew by 1.8 percent, which is the first and largest increase since 2014. The growth of the industrial sector is facilitated by the strengthening of the global economy and the weakening of the dollar, which helps make US exports more competitive than the country's main trading partners.

Meanwhile, the confidence of builders in the market of newly built houses for a single family fell by 2 points to a level of 72 in January, showed the housing market index (HMI) from the National Association of Housing Owners / Wells Fargo. "The builders are confident that changes in the tax code will promote the development of small businesses and lead to wider economic growth," said NAHB chairman Randy Noel. - Our participants are very happy about what awaits them ahead. However, they still face rising prices for materials and a shortage of labor and plots.

Almost all components of the DOW index finished trading in positive territory (25 out of 30). The leader of growth was the shares of The Boeing Company (BA, 4.85%). Outsider were shares of General Electric Company (GE, -4.91%).

All sectors of the S & P index recorded an increase. The technological sector grew most (+ 1.2%).

At closing:

DJIA + 1.25% 26,115.65 +322.79

Nasdaq + 1.03% 7,298.28 +74.59

S & P + 0.94% 2,802.56 +26.14

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