Analytics, News, and Forecasts for CFD Markets: stock news — 05-12-2017.

Major US stock indexes finished trading in negative territory amid a decline in almost all sectors and publication of weak statistical data for the United States. In addition, investors assessed the changes to the Senate tax reform bill, which could affect the ability of companies to reduce their tax costs.

As it became known, the survey data from Markit in November signaled a slower expansion of business activity in the US services sector. Although output growth slightly decreased to a five-month low, the growth of new orders accelerated and was strong overall. The growth rate of employment in the meantime reached a three-month peak, which helped reduce the pressure of the tank. In accordance with this, the stock accumulation softened to a five-month low. The inflationary pressure of both purchasing and selling prices has grown at a faster pace. The latest poll also indicates a drop in business confidence to its lowest level since February. The index of business activity in the US services sector from IHS Markit was 54.5 in November, compared with 55.3 in October. Despite the fact that the last reading of the index reflected a weaker expansion of production, the overall growth rate, however, met the latest standards.

At the same time, the index of business activity in the US services sector, calculated by the Institute for Supply Management (ISM), fell to 57.4 points in November, compared to 60.1 points in October. Analysts predicted that the index will deteriorate to 59 points. Recall, the indicator is the result of a survey of about 400 firms from 60 sectors across the US. A value greater than 50 is usually considered an indicator of the growth of production activity.

Most components of the DOW index recorded a decline (22 out of 30). Outsider were shares of The Walt Disney Company (DIS, -2.73%). The leader of growth was the shares of McDonald's Corporation (MCD, + 1.43%).

Almost all sectors of the S & P index ended the session in negative territory. The utilities sector showed the greatest decrease (-1.1%). Only the technological sector grew (+ 0.1%).

At closing:

DJIA -0.45% 24.180.64 -109.41

Nasdaq -1.25% 6,762.21 -85.37

S & P -0.37% 2,629.57 -9.87

U.S. stock-index futures were flat on Tuesday, as a continued selloff in tech stocks limited the impact of advances elsewhere, buoyed by expectations of benefits from potential corporate tax cuts.

Global Stocks:

Nikkei 22,707.16 -111.87 -0.49%

Nikkei 22,622.38 -84.78 -0.37%

Hang Seng 28,842.80 -295.48 -1.01%

Shanghai 3,303.04 -6.58 -0.20%

S&P/ASX 5,971.82 -13.77 -0.23%

FTSE 7,344.60 +5.63 +0.08%

CAC 5,365.78 -23.51 -0.44%

DAX 13,006.87 -51.68 -0.40%

Crude $57.32 (-0.26%)

Gold $1,272.30 (-0.16%)

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

United Tech (UTX) upgraded to Overweight from Neutral at Atlantic Equities

McDonald's (MCD) upgraded to Buy from Hold at Jefferies; target raised to $200 from $150

U.K. blue-chip stocks pushed higher Monday, with bank shares taking part in broad-based gains seen as being set off by the passage of a tax overhaul package in the U.S. Senate. Meanwhile, the pound was sent on a roller-coaster ride after the U.K. and EU failed to reach an agreement on key Brexit issues at a lunch in Brussels, although they said progress has been made.

A global decline in technology stocks continued Tuesday in Asia, weighing on indexes in Japan and Taiwan. "Technology shares are suffering heavy selling pressure as investors are rotating out from the valuation-rich sector in an attempt to lock in profits" amid continuing U.S. tax-reform efforts, said Margaret Yang, a market analyst at CMC Markets.

The Dow closed at a record Monday as investors cheered the weekend passage of the Senate version of a sweeping overhaul of the U.S. tax code. However, the S&P 500 and the Nasdaq finished lower as large-capitalization technology names took a beating.