Analytics, News, and Forecasts for CFD Markets: stock news — 04-12-2017.

Major US stock indexes finished trading mostly in the red, amid the fading optimism observed at the beginning of the session due to information that the US Senate approved the largest change in tax legislation since the 1980s.

In addition, it became known that production orders in the US fell by 0.1% in October, mainly due to fewer orders for passenger planes, cars and trucks, a government report showed. The decline was focused on large aircraft and cars, on two volatile categories, which often distort the data of the main indicator. Orders, excluding transport, rose by 0.8%. Orders increased by 1.7% in September and by 1.2% in August.

However, the index of business activity in New York greatly improved last month, exceeding forecasts, and peaking in the last 4 months. This is evidenced by a report published by the Institute of Supply Management (ISM) in New York. According to the data provided, the index, which assesses the economic conditions in the manufacturing and services sectors for companies registered in New York, rose in November to 58.1 points from 51.6 points in October. The latter value was the highest since July (then the index was 62.8 points). It was predicted that the index will rise only to 54.0 points.

Most components of the DOW index finished trading in positive territory (19 out of 30). The leader of growth was the shares of The Walt Disney Company (DIS, + 5.13%). Outsider were shares of Microsoft Corporation (MSFT, -4.11%).

Most sectors of the S & P index recorded an increase. The services sector grew most (+ 0.7%). The greatest decline was shown by the technological sector (-1.6%).

At closing:

DJIA + 0.24% 24,290.39 +58.80

Nasdaq -1.05% 6,775.37 -72.22

S & P -0.11% 2,639.36 -2.86

U.S. stock-index futures advanced on Monday after the U.S. Senate passed its version of a tax reform bill over the weekend.

Global Stocks:

Nikkei 22,707.16 -111.87 -0.49%

Hang Seng 29,138.28 +64.04 +0.22%

Shanghai 3,310.37 -7.25 -0.22%

S&P/ASX 5,985.59 -4.17 -0.07%

FTSE 7,334.98 +34.49 +0.47%

CAC 5,381.33 +64.44 +1.21%

DAX 13,059.01 +197.52 +1.54%

Crude $57.70 (-1.13%)

Gold $1,295.00 (+0.01%)

(company / ticker / price / change ($/%) / volume)

Travelers (TRV) initiated with a Sell at Goldman; target $124

DowDuPont (DWDP) resumed with a Buy at Goldman; target $91

Home Depot (HD) target raised to $190 at Telsey Advisory Group

Stocks across Europe finished lower on Friday, after a late-session slump on reports former U.S. national security adviser will testify about President Donald Trump. Markets had already opened in negative territory after U.S. lawmakers had trouble passing a long-awaited tax bill and pushed the vote back to Friday.

U.S. stocks ended lower on Friday after news surrounding former national-security adviser Michael Flynn added an element of political uncertainty into markets, though the issue wasn't seen as derailing a market rally that gave the Dow its best week of the year.

Asia-Pacific stock markets had a largely muted start to the week, though some buying built into midday, as investors mulled over the U.S. Senate's passing of a tax-reform proposal and the special counsel's probe of President Donald Trump's election campaign.