Market news
16.02.2017, 21:08

Major US stock indexes closed mostly in the red

Major US stock indexes finished trading mostly "red zone" on the background of the loss of financial and health sectors after the six-day increase.

The last rally was caused by statements of the US president's "phenomenal" tax reform, fueling optimism that it plans to expand the corporate deregulation of the economy .. However, there are fears among investors due to the fact that Trump has not yet provided any significant details about their plans.

Also today, the Labor Department reported that the number of Americans who applied for unemployment benefits rose less than expected last week. unemployment initial claims for benefits rose by 5,000 and totaled a seasonally adjusted 239,000 for the week ending 11 February. Economists had forecast an increase to 245 000. The four-week moving average of applications, which smooths weekly volatility, rose by 500 to 245,250 last week. The number of repeated applications for unemployment benefits fell by 3,000 to 2.08 million in the week ending 4 February.

At the same time, the Commerce Department said that the establishment of new homes fell in January, as the construction of multi-family facilities decreased. Bookmarks new homes fell by 2.6 percent to a seasonally adjusted annual rate of up to 1.25 million units. Bookmarks for December were revised up to 1.28 million from 1.23 million. Bookmarks of new homes rose by 10.5 percent compared to January 2016. Building permits jumped 4.6 percent to 1.29 million units, the highest level since November 2015. Economists had forecast that the tab will fall to 1.22 million, while building permits rose to 1.23 million.

DOW index components ended the session mixed (15 black, 15 red). Most remaining shares fell Chevron Corporation (CVX, -1.87%). leaders of growth were shares of Cisco Systems, Inc. (CSCO, + 2.55%).

Most of the S & P sectors showed a decline. Most of the basic materials sector fell (-0.8%). leaders of growth were utilities sector (+ 0.6%).

At the close:

Dow + 0.04% 20,620.04 +8.18

Nasdaq -0.08% 5,814.90 -4.54

S & P -0.09% 2,347.23 -2.02

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