Market news
29.08.2018, 20:22

The major US stock indexes finished trading in positive territory

The main US stock indices grew moderately, while the S & P 500 and Nasdaq again updated their record highs, helped by the rise in the price of Amazon.com (AMZN) and Alphabet (GOOG) shares, as well as optimism about trade negotiations between the US and Canada.

In addition, as it became known, unfinished transactions for the sale of housing fell in July, continuing the general trend of recent months, reflecting the lack of supply in the market. The National Association of Realtors said on Wednesday that its forecast domestic sales index based on contracts signed last month fell by 0.7% to 106.2 in July. Economists had expected an increase of 0.3%.

Quotes of oil rose by about 1.7%, supported by news of the fall in supplies of Iranian oil, as well as fresh data from the Ministry of Energy of the United States on oil products stocks. The export of Iran's crude oil and condensate in August should fall below 70 million barrels for the first time since April 2017, long before November 4, the start date of the second round of US economic sanctions, showed preliminary data on trade flows from Thomson Reuters Eikon.

Most components of DOW have finished trading in positive territory (18 out of 30). The leader of the growth were shares of Microsoft Corporation (MSFT, + 1.60%). Outsider were the shares of Walgreens Boots Alliance, Inc. (WBA, -0.89%).

All sectors of S & P recorded a rise. The commodities sector grew most (+ 0.8%).

At closing:

Dow 26,124.57 +60.55 +0.23%

S & P 500 2,914.04 +16.52 +0.57%

Nasdaq 100 8.109.69 +79.65 +0.99%

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location