Market news
23.11.2016, 21:07

Major US stock indices showed mixed trends

Major US stock indexes finished trading mixed, but only with a slight change. The Dow Jones newly updated records, while the drop in shares of technology giants kept the Nasdaq in negative territory.

As it became known today, new orders for capital goods produced in the United States rebounded in October, due to the growth in demand for machinery and a number of other equipment, is the latest sign of the acceleration in economic growth at the beginning of the 4th quarter. The Commerce Department reported that non-defense capital goods orders excluding aircraft, planned indicator of business spending, rose 0.4% after it decreased by 1.4% in September.

In addition, the number of Americans who applied for unemployment benefits rose to a 43-year low last week, but remain below the level that is consistent with the tightening of the labor market. Primary applications for state unemployment benefits increased by 18,000 and reached a seasonally adjusted 251,000 for the week ending November 19, the Labor Department reported Wednesday.

However, the final results of the studies submitted by Thomson-Reuters and Institute of Michigan, showed that in November US consumers felt more optimistic about the economy than last month. According to the data, in November consumer sentiment index rose to 93.8 points compared with a final reading of 87.2 points in October and November preliminary value of 91.6 points. It was predicted that the index was 91.6.

It should also be noted that sales of new single-family homes unexpectedly fell up to October. However, experts believe that this is a temporary phenomenon for the new housing market, taking into account the ongoing improvement in the labor market. The US Commerce Department said, the seasonally adjusted new home sales fell in October by 1.9%, reaching 563.000 units (in terms of annual growth). The pace of sales for September were revised to 574,000 units from 593,000 units. It was expected that sales of single-family homes, which accounted for about 9.1% of total sales of property, amount to 593,000 units.

Oil recovered earlier lost ground, and went back to the opening level, helped by data from the US Department of Energy and the statements of the Minister of Oil of Iraq. US Department of Energy reported that crude oil inventories declined moderately by the end of last week, despite the expected increase. According to the data, during the week from 12 to 18 November crude oil inventories fell to 1.255 million. Barrels to 489.029 million. Barrels. Analysts on average had forecast growth stocks at 0.671 million. Barrels.

DOW index components closed mostly in positive territory (19 of 30). Most remaining shares rose Caterpillar Inc. (CAT, + 2.77%). Outsider were shares of Microsoft Corporation (MSFT, -1.28%).

Sector S & P index closed trading mixed. The leader turned out to be the industrial goods sector (+ 0.8%). Most utilities sector fell (-0.9%).

At the close:

Dow + 0.31% 19,082.36 +58.49

Nasdaq -0.11% 5,380.68 -5.67

S & P + 0.08% 2,204.63 +1.69

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