Market news
23.07.2018, 20:10

The major US stock indexes finished trading in different directions

The major US stock indexes ended the trading mixed, but with a slight change, as the profit of financial stocks was compensated by the fall in shares of Amazon and industrial companies amid investors' expectations of earnings reports by large companies in order to assess the impact of the escalating trade conflict.

A certain influence on the course of trading also provided data on the United States. Led by improvements in production indicators, the index of economic activity from the Federal Reserve Bank of Chicago (CFNAI) recovered to +0.43 in June from -0.45 in May. The three-month moving average of the index, CFNAI-MA3, in June rose to +0.16 from +0.10 in May. The diffusion index CFNAI, which is also a three-month moving average, has not changed and remained at the level of +0.15 in June.

In addition, according to the National Association of Realtors (NAR), home sales in the secondary market decreased last month for the third month in a row, as the decline in the South and West exceeded sales in the Northeast and the Midwest. The constant imbalance of supply and demand helped the median selling price in June to reach a new record high. The total volume of home sales in secondary markets, which are completed transactions, including single-family homes, urban homes, condominiums and cooperatives, declined by 0.6% to a seasonally adjusted exchange rate of 5.38 million units from the revised 5.41 million units in May. With a decrease in June, sales are now 2.2% lower than a year ago.

Most DOW components recorded a decline (17 out of 30). Outsider were shares of 3M Company (MMM, -1.58%). Leader of the growth were shares of JPMorgan Chase & Co. (JPM, + 2.07%).

Most sectors of the S & P finished trading in the red. The largest decrease was shown by the sector of industrial goods (-1.0%). The financial sector grew most (+ 0.7%).

At closing:

Dow 25,044.29 -13.83 -0.06%

S&P 500 2,806.98 +5.15 +0.18%

Nasdaq 100 7,841.87 +21.68 +0.28%

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