Market news
24.10.2016, 20:05

Major US stock indexes finished trading in the "green zone"

Major US stock indices closed in positive territory on the background of growth of business activity and strong quarterly results, stimulating investor confidence.

"Now everything is determined by the financial statements," - said Bill Northey, an expert U.S. Bank. He added that in the last session of the driver of the dynamics in the stock markets were the financial performance of companies rather than macro-economic events.

In addition, as shown by the October data, the US manufacturers have started confidently fourth quarter, with output and new orders rose significantly stronger than in September. The rebound in business conditions contributed to increased purchases among manufacturers and renewed pressure on capacity. At the same time, manufacturers have sought to increase their resource stocks, while the rate rose for the first time since November 2015. Manufacturers reported that supported domestic economic conditions are a key factor in the growth, helping to offset sluggish export sales in October. On a seasonally adjusted, pre-production managers' index in the US supply of Markit (PMI) jumped to 53.2 in October, with a three-month low of 51.5 in September.

The price of oil fell moderately against the background of a partial profit-taking, as well as indications that the assumption of OPEC to reduce oil production may encounter obstacles. Over the weekend, the head of Iraq's state-owned SOMO Falah al-Amri said that Iraq does not intend to reduce the current level of oil production. He also noted that the volume of oil production in the country is a matter of its sovereignty. In addition, Iraqi Oil Minister urged to resolve Iraq does not participate in the transaction on the level of oil production frozen. He said that Iraq must receive the same privileges as Libya and Nigeria.

Most DOW components of the index showed an increase (21 of 30). More rest up shares Microsoft Corporation (MSFT, + 2.10%). Outsider were shares of Chevron Corporation (CVX, -0.72%).

Most Sector S & P index closed in positive territory. The leader turned out to be the technology sector (+ 0.9%). the health sector fell the most (-0.2%).

At the close:

DOW + 0.42% 18,221.35 +75.64

Nasdaq + 1.00% 5,309.83 +52.43

S & P + 0.46% 2,151.08 +9.92

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location