Market news
07.05.2015, 20:12

Major US stock indexes finished trading with an increase

Major stock indices closed above zero, supported by data on the US labor market. Thus, the number of Americans applying for first time unemployment benefits rose slightly last week after touching a 15-year low, but the rate remains at the level of the economy, consistently adding jobs. Primary applications for unemployment benefits, the gauge of layoffs throughout the US economy increased by 3000 and reached a seasonally adjusted 265,000 in the week ended May 2nd. Economists expected 280,000 initial claims last week.

The market's attention is directed to Takeo April data on unemployment in the US, which will be released on Friday. According to experts, the number of jobs in the US economy in the past month increased by 224 ths., And the unemployment rate fell to 5.4% from 5.5%.

"The signals that market participants have seen in the past few days have been different directions, - said the chief investment officer at Philadelphia Trust Co. Richard Sishel. - Recent statistical data proved to be rather disappointing, so the performance of the labor market, which will be released on Friday, are worthy of attention more than usual. "

Oil prices fell moderately, while dropping below $ 66 (Brent) and $ 59 (WTI), which is due to profit-taking after the recent increase to the maximum this year, and the strengthening of the US dollar. In the course of yesterday's trading continues to affect data on oil reserves in the United States. Recall the week April 25 - May 1 volume of commercial oil stocks in the United States fell by 3.9 million barrels to 487 million barrels per day. Analysts had expected growth of reserves by 1.1 million barrels per day.

Most components of the index DOW closed in positive territory (24 of 30). Outsider shares were Caterpillar Inc. (CAT, -0.82%). More rest up shares The Home Depot, Inc. (HD, + 1.71%).

Almost all sectors of the S & P finished trading above zero. Most of the services sector grew (+ 0.8%). Outsiders were the basic materials sector (-1.2%).

At the close:

Dow + 0.46% 17,924.06 +82.08

Nasdaq + 0.53% 4,945.55 +25.91

S & P + 0.38% 2,088.00 +7.85

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