Market news
26.07.2018, 20:11

The major US stock indices showed mixed dynamics

The main US stock indexes finished trading in different directions: the collapse of Facebook shares caused the sale of technology companies, sending Nasdaq into the negative zone, but the Dow grew amid improvement in sentiment after the US and EU said they would negotiate trade.

Negligible impact on the course of trading also provided data on the United States. As it became known, demand for durable goods produced by US factories recovered in June after two consecutive monthly decreases, which is a sign of momentum in the manufacturing sector. Orders for durable goods increased seasonally by 1.0% compared to May. Economists expected a stronger growth of 3.0%. Recall orders dropped by 0.3% in May and by 1.0% in April.

Meanwhile, the number of Americans applying for unemployment benefits rose from a more than 48.5-year low last week, but continued to point to tightening the labor market. Primary calls for state unemployment benefits increased by 9,000 to 217,000, seasonally adjusted for the week to July 21, the Ministry of Labor said. Economists projected growth to 215,000. The four-week moving average of primary hits, considered as the best measure of labor market trends, fell by 2,750 to 218,000, the lowest since mid-May.

Most of the components of DOW have finished trading in positive territory (20 out of 30). The leader of growth was the shares of The Travelers Companies, Inc. (TRV, + 2.49%). Outsider were shares of McDonald's Corporation (MCD, -1.79%).

Most S & P sectors recorded a decline. The greatest decrease was shown by the technological sector (-1.1%). The industrial goods sector grew most (+ 0.9%).

At closing:

Index

Dow 25,527.07 +112.97 +0.44%

S&P 500 2,837.44 -8.63 -0.30%

Nasdaq 100 7,852.19 -80.05 -1.01%

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