Major stock indexes in Wall Street closed mixed, as growth in consumer sector stocks was offset by a fall in quotations conglomerates sphere.
The pressure on the indices also had a Bloomberg survey results indicated that the Ohio residents are more supportive of the US Republican presidential candidate Donald Trump, and Hillary Clinton. "If Trump becomes president, it will be a surprise, and not very good for the markets and for the economy as a whole - said UniCredit analyst Christian Stocker. - While all attention is focused on the Fed, but the election topic is becoming increasingly important. "
Before the Fed meeting next week, is expected to be the focus of investors this week will be economic reports, including data on retail sales, unemployment, inflation, consumer and business sentiment and industrial production. Analysts predict that by the end of August, retail sales decreased by 0.1%, while industrial production fell by 0.3%. As for inflation, it is expected that the CPI rose in August by 0.1% after the zero change in July. If these estimates are correct, this number will increase the chances of a Fed rate increase in September. According to the futures market, at present, the probability of monetary tightening by the Fed's policy is 15% in September.
Oil prices fell by about 2.5%, which was caused by the publication of the controversial report on US petroleum inventories. US Department of Energy reported that in the week ended Sept. 9 oil inventories unexpectedly declined, but gasoline inventories rose slightly. According to the report, oil inventories fell by 559,000 barrels to 510.8 million barrels. The experts predicted an increase of 4 million barrels. Gasoline stocks rose by 567,000 barrels to 228.4 million barrels. Analysts had expected an increase of 600,000 barrels. Meanwhile, oil production in the US rose to 8.493 million barrels per day versus 8.458 million barrels per day in the previous week. US consumption of oil fell by 0.2 million. Barrels per day to 16.73 million barrels per day.
Most of the DOW index components recorded a decline (24 of 30). More rest rose stocks Apple Inc. (AAPL, + 3.58%). Outsider were shares of American Express Company (AXP, -1.38%).
Sector S & P index closed mixed. conglomerates (-0.8%) sectors fell most. The leader turned out to be the sector of consumer goods (+ 0.2%).
At the close:
Dow -0.18% 18,034.36 -32.39
Nasdaq + 0.36% 5,173.77 +18.51
S & P -0.06% 2,125.83 -1.19
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