Major stock indexes in Wall Street rose modestly on Wednesday, helped by a rise in price of shares of basic materials sector and the scope of conglomerates.
At the same time, the pressure on the index has a decrease in the health sector and financial shares, after the chairman of the US Fed Yellen said that the Central Bank is considering the possibility of changing the annual stress testing. She also added that the US banking system is well capitalized, credit growth accelerated, and the number of bad loans is reduced. However, Yellen did not comment on the outlook for the economy or the Fed's monetary policy.
In addition, as it became known, new orders for non-military capital goods in the US, except for aircraft rose a third straight month in August, giving a positive signal for investment business prospects. The Commerce Department reported that new orders in the category, which includes items such as motor vehicles and equipment, and is carefully monitored to gauge business spending plans, rose 0.6% last month. Economists predicted that the so-called core capital goods orders to fall by 0.2%.
The cost of oil has grown amid reports that OPEC countries agreed to set a limit on the level of the average daily oil production 32.5 million barrels from the current 33.24 million barrels per day. After reaching this goal cartel to turn to other countries - oil exporters to accede to this agreement. According to the source, at the next meeting, which will take place in November, OPEC will discuss the freezing of oil each country - a member of the cartel.
DOW index components ended the session mixed (10 red, 20 black). More rest up shares Exxon Mobil Corporation (XOM, + 4.38%). Outsider were shares of NIKE, Inc. (NKE, -4.07%).
Sector S & P index also showed a mixed trend. The leader turned out to be the basic materials sector (+ 3.3%). Most utilities sector fell (-0.2%).
At the close:
Dow + 0.60% 18,338.22 +109.92
Nasdaq + 0.24% 5,318.55 +12.84
S & P + 0.53% 2,171.29 +11.36
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.