Major US stock indexes mostly rose on Monday, as the rise in the price of financial sector shares before the expected increase in interest rates the Federal Reserve compensated for the loss of shares in the health sector.
It is expected that the Federal Open Market Committee, which is the central bank's policy council, will raise interest rates by 0.25 percent, to 0.75-1.00 percent after a two-day meeting that will begin on Tuesday.
In addition, according to the report presented by the Conference Board, the US employment trends index, which is a combination of labor market indicators, improved significantly in February, continuing the trend of the previous month. According to the data, the February index of employment trends increased to 131.39 points compared to 129.91 points in January (revised from 130.04 points). In annual terms, the index increased by 3.1 percent.
Quotes of oil fluctuated within 3-month lows, as the growth of oil reserves in the US and further strengthening of drilling activity in the United States compensates optimism about OPEC's efforts to limit oil production and reduce global overabundance.
Components of the DOW index finished trading mixed (15 in positive territory, 15 in negative territory). The shares of Intel Corporation fell more than others (INTC, -2.30%). The leader of growth was the shares of The Walt Disney Company (DIS, + 0.57%).
Almost all sectors of the S & P index recorded an increase. The leader of growth was the sector of basic materials (+ 0.5%). The outsider was the health sector (0.0%).
At closing:
Dow -0.10% 20.881.48 -21.50
Nasdaq + 0.24% 5,875.78 +14.05
S & P + 0.04% 2.373.47 + 0.87
© 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.