Major stock indexes in Wall Street fell moderately Tuesday amid falling oil prices.
Oil prices have fallen by about 4%, which was due to increased concerns about a slowdown in economic growth after the UK from the EU. Pressure on the quotes also provided data on oil stocks in the Cushing terminal. "The deterioration of the forecast of world economic growth, uncertainty in financial markets and their impact on the demand for oil is likely to exacerbate the trend of growth in demand from the industry," - noted experts Barclays. Today, the company Genscape said that for the week to July 1, oil terminal in Cushing rose by 230,025 barrels. On the dynamics of trading also continues to influence Friday's report from the oilfield services company Baker Hughes. It was reported that the number of drilling rigs in the US rose last week by 11 units to 341 units.
Also today, the yield on 10-year US Treasury yield fell to its lowest level in the history of the uncertainty in the markets after the British decision to withdraw from the European Union structure.
Focus also appeared on the US data. It is learned that US factory orders fell in May, against the background of weak demand for steel, aluminum, furniture, electrical appliances and warplanes. The Commerce Department reported that factory orders fell by 1% in May, after rising in the previous two months. The decline suggests that manufacturers in the United States still can not fully recover from the effects of weaker economic growth around the world.
However, another report showed that an index of economic optimism in the US, calculated by the newspaper Investor's Business Daily and research firm TechnoMetrica Institute of Policy and Politics, fell in July by 2.7 points, or 5.6%, reaching 45 5 points. Economists had expected the index to rise to 49.3 points.
Most components of the DOW index finished trading in negative territory (18 of 30). Outsider were shares of JPMorgan Chase & Co. (JPM, -2,79%). More rest up shares Johnson & Johnson (JNJ, + 1,20%).
Almost all sectors of the S & P index showed a decline. Most of the basic materials sector fell (-2.0%). The leader turned utilities sector (+ 0.6%).
At the close:
Dow -0.61% 17,839.11 -110.26
Nasdaq -0.82% 4,822.90 -39.67
S & P -0.69% 2,088.37 -14.58
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