Market news
21.06.2016, 20:07

Major US stock indexes finished trading with an increase

Major stock indexes in Wall Street closed slightly higher, supported by statements of Fed Chairman Janet Yellen.

Yellen said the central bank will be cautious in raising interest rates against the background of the UK's membership of risks in the European Union and the slowdown in the US labor market. Recall, the Fed left interest rates unchanged and reduced its forecast for economic growth after unexpectedly weak monthly data on the labor market have put a question mark at the restoration of the economy last week.

Market participants also continued to closely monitor the polls in the UK, which in recent years point to a possible victory of supporters of preservation of the country in the EU over the adherents of "Breksita" (UK exit from the Union).

In addition, a report submitted by the Philadelphia Fed, rose sharply in June index of business activity in the services sector, reaching a level of 10.8 points compared with 4.6 points in May. The figures below zero are an indicator of a slowing economy. The indicator is published just before the ISM index of purchasing managers, and may give an idea of ​​how will an indicator of business activity at the national level.

Oil prices fell on Tuesday, breaking a two-day rally, as some market players took profits on the background of approximation of the referendum in the UK and continued uncertainty in the market. The focus of investors also shifted to the oversupply.

Most DOW components of the index closed in positive territory (24 of 30). Outsider were shares of The Boeing Company (BA, -0,74%). More rest up shares Microsoft Corporation (MSFT, + 2,44%).

Sector S & P index closed trading mixed. conglomerates (-0.4%) sectors fell most. The leader turned out to be the basic materials sector (+ 0.9%).

At the close:

Dow + 0.13% 17,828.77 +23.90

Nasdaq + 0.14% 4,843.76 +6.55

S & P + 0.27% 2,088.90 +5.65

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