US stocks declined slightly, ending a series of five-day increase. In the course of trading influence the statements of the Federal Reserve Janet Yellen that turmoil abroad are unlikely to affect the US economy and the Fed is on track to raise interest rates this year. Yellen said she expects a stable growth of the economy until the end of the year, and it allows the Fed to raise rates, but did not give a direct hint at the time of promotion.
In addition, as it became known today, US industrial production rose slightly in June, held back decline in production of vehicles. Last month, production, except for the production of cars increased by 0.3%, after declining by 0.1%, the report showed the Federal Reserve on Wednesday. Total industrial production, which also includes mining and utilities rose 0.3% after a 0.2% decline.
At the same time, US companies increased prices for goods and services in June, a sign that inflation is slowly rising from historically weak levels. The Producer Price Index, which measures prices at which companies sell goods and services rose to a seasonally adjusted 0.4% in June, after rising 0.5% in May. This was stated by the Ministry of Labour.
Also had little impact Beige Book report, which showed that the US economy has continued from mid-May to late June. The largest expansion was recorded in three counties: New York, Philadelphia and Kansas City. Moderate growth was recorded in Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Dallas and San Francisco. "Improvements in consumer spending vary among counties. Some counties have shown that low energy prices helped to increase spending, while the number of border districts noted a weakness related to the growth of the dollar", - the report says. Rising wages and employment recorded in all districts. The highest growth was recorded in salaries of industries such as human resources, construction and information technology.
Most components of the index DOW closed in negative territory (19 of 30). Outsider shares were Chevron Corporation (CVX, -1.35%). Most remaining shares of Apple Inc. rose (AAPL, + 0.89%).
Sector S & P index finished trading mixed. Most of the basic materials sector fell (-1.5%). The largest growth sector proved conglomerates (+ 0.1%).
At the close:
Dow -0.02% 18,050.17 -3.41
Nasdaq -0.12% 5,098.94 -5.95
S & P -0.07% 2,107.42 -1.54
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