Market news
14.05.2018, 20:10

The main US stock indexes rose on the basis of today's trading

Major US stock indices rose amid easing trade tensions between the United States and China after President Donald Trump softened his position on the Chinese technology company ZTE Corp.

US President Donald Trump told Twitter on Sunday that he was working to give the large Chinese manufacturer of ZTE smartphones a "way to quickly return to business" under the sanctions. A sudden and unexpected change in the US position is seen as a positive sign before the second round of US-China trade talks, which starts on Tuesday. Recall, the US Department of Commerce last month banned ZTE to buy components from US firms, which led the company to declare the closure of major business operations.

Investors also drew attention to the comments of the member of the Open Market Committee of the US Federal Reserve, Loretta Meister, who stated during today's speech that the Fed may have to make its monetary policy more restrained. "A gradual increase in rates will prevent overheating of the economy," Meister said. She also noted that improving economic prospects is an argument in favor of further increases in rates.

Most of the components of DOW have finished trading in positive territory (19 out of 30). The leader of growth was UnitedHealth Group Incorporated (UNH, + 1.84%). Outsider were shares of Johnson & Johnson (JNJ, -1.20%).

Most S & P sectors recorded a decline. The greatest decrease was shown by the sector of conglomerates (-1.5%). The commodities sector grew most (+ 0.9%).

At closing:

Index

Dow 24,902.65 +71.48 +0.29%

S&P 500 2,730.13 +2.41 +0.09%

Nasdaq 100 7,411.31 +8.43 +0.11%

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