Market news
26.09.2016, 20:07

Major US stock indexes finished trading below zero

Major Wall Street stock indexes fell as investors anxiously await the first presidential debate in the United States, to assess how candidates plan to shape the economy and politics.

While the race for the seat in the White House still does not have an appreciable impact on the market, this may change after the first debate between Hillary Clinton and Donald Trump. Just six weeks before election day, some investors note volatility in certain sectors, including among health insurance companies, drug manufacturers and industrialists.

As it became known today, sales of new single-family homes in the US fell less than expected in August, while prices fell and stocks rose. The Commerce Department reported that new home sales fell by 7.6% to a seasonally adjusted annual rate reached 609,000 units last month. Sales rose by 20.6 percent compared to last year. Economists had forecast that sales will fall to 597 000 units in the last month.

Oil has risen dramatically today as the largest manufacturers in the world have gathered in Algiers to discuss ways to support the market. Recall, today in Algeria launched the International Energy Forum. On the sidelines of the forum members of the Organization of Petroleum Exporting Countries will meet in an informal setting to discuss a possible deal to curb oil production. Iran, which is still ramping up production, diminishes the chances of the deal, although several other members of the group said they still hope that will be reached some kind of agreement that will solve the problem of global excess oil.

Almost all the components of DOW index closed in negative territory (27 of 30). More rest up shares The Procter & Gamble Company (PG, + 0.42%). Outsider were shares of The Goldman Sachs Group, Inc. (GS, -2.29%).

All business sectors S & P index showed a decline. the health sector fell the most (-1.2%).

At the close:

Dow -0.91% 18,095.99 -165.46

Nasdaq -0.91% 5,257.49 -48.26

S & P -0.86% 2,146.18 -18.51

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