Major US stock indexes finished trading in different directions, but near zero. Investors' attention was focused on the minutes of the Fed meeting, as well as the dynamics of the oil market.
Minutes of the September Fed meeting showed that Fed officials expect rate hikes soon enough, but there were differences with regards to the timing of the next increase. "Several Fed officials said that the decision to leave rates unchanged in September, was not unanimous. Meanwhile, some officials were concerned that the delay in raising interest rates may reduce the credibility of the Federal Reserve, "- reports showed. Also noted in the report that many Fed officials see little signs of emerging inflationary pressures. "Fed officials also agreed that labor market conditions" significantly "improved over the last year. Several executives indicated that too strong a drop in the unemployment rate is also undesirable, "- reported in the minutes.
Oil futures fell by about 1% after OPEC announced increase oil production up to a maximum of eight. Such news offset optimism about the agreement, which aims to control the market glut.
A certain pressure on the indices provided investors' concerns about corporate profits amid disappointing nachalla reporting season. According to a survey of analysts conducted by FactSet, profit companies from the S & P 500 are expected in the 3rd quarter decreased sixth consecutive quarter.
Focus was also an overview of vacancies and labor turnover (JOLTS), published by the US Bureau of Labor Statistics. It was reported that in August the number of vacancies decreased to 5.443 million. The indicator was revised up to 5.831 million. With 5.871 million in July. Analysts had expected the number of vacancies will fall to 5.72 million.
DOW index components closed in different directions (11 red, 19 black). Most remaining shares rose NIKE, Inc. (NKE, + 1.37%). Outsider were shares of Cisco Systems, Inc. (CSCO, -2.24%).
Sector S & P index finished the session mixed. The leader turned utilities sector (+ 0.9%). the health sector fell the most (-0.7%).
At the close:
Dow + 0.09% 18,144.68 +16.02
Nasdaq -0.15% 5,239.02 -7.77
S & P + 0.12% 2,139.25 +2.52
© 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.