Market news
17.04.2018, 20:09

The main US stock indices increased significantly as a result of today's trading

The main US stock indexes finished trading on the positive territory, helped by the rise in the price of shares of technology companies, as well as high incomes of Netflix (NFLX) and UnitedHealth (UNH), which raised optimism that the current season of reports will be the strongest in seven years.

In addition, as reported by the Ministry of Trade, housing starts in the US at a seasonally adjusted annual rate amounted to 1.32 million in March, which is 2% more than in February. Permissions were a seasonally adjusted annual rate of 1.35 million units. In March, builders laid the foundations for more homes, and earlier estimates were revised upward, indicating that the impetus in the housing construction industry is greater than previously noted. Housing starts for new homes exceeded forecasts of economists, who were expecting 1.323 million units.Housing starts were 10.9% higher than the same period a year ago. Also strong were the resolutions that predict future activity: 2.5% higher than in February, and 7.5% higher than a year ago.

In addition, the Fed said that industrial production rose 0.5 percent in March after rising 1.0 percent in February. Economists had expected that production would increase by 0.4 percent. The larger increase than expected in industrial production was partly due to a rebound in utility production, which rose 3.0 percent after falling by 5.0 percent in February amid higher temperatures. Meanwhile, manufacturing in manufacturing grew by 0.1 percent in March after a 1.5 percent drop in February. The report also says that capacity utilization in the industrial sector increased to 78.0 percent in March from 77.7 percent in February. It was expected that the use of capacity will reach 77.9 percent.

Most components of the DOW index finished trading in positive territory (24 out of 30). The leader of growth was UnitedHealth Group Incorporated (UNH, + 3.56%). Outsider were the shares of The Goldman Sachs Group, Inc. (GS, -1.22%).

All sectors of S & P recorded a rise. The technological sector grew most (+ 2.0%).

At closing:

Dow 24,789.35 +216.31 +0.88%

S&P 500 2,706.38 +28.54 +1.07%

Nasdaq 100 7,281.10 +124.81 +1.74%

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