Market news
14.06.2017, 20:11

Major US stock indexes completed the session without a single dynamic

Major US stock indexes finished trading in different directions, as a combination of weak data affected the shares of financial sector companies, and a strong fall in oil prices put pressure on the main materials sector. In addition, the focus of investors were the results of the June meeting of the Fed.

As it became known today, in May, US retailers reported the largest decrease in sales for 16 months, mainly due to lower prices for gasoline and a reduction in the number of Americans buying new cars and trucks. Sales of retailers throughout the country fell by 0.3% last month, which was the biggest drop since January 2016. The May report on sales as a whole was weak in all directions. Economists forecast sales growth of 0.1% in May.

In addition, consumer prices slightly decreased in May, which indicates that inflationary pressures remain muted. The consumer price index, which measures what Americans pay for everything from dog food to doctors' visits, decreased by 0.1% in seasonally adjusted terms in May compared to the previous month, the Labor Ministry said on Wednesday. Excluding the often unstable categories of food and energy, so-called base prices, rose 0.1% since April. Economists had expected general prices to grow by 0.15 per month, and the basic prices would grow by 0.2% per month.

As for the Fed meeting, as expected, the Central Bank raised its interest rates to the range of 1% -1.25%. In addition, the Central Bank planned to reduce its balance of $ 4.5 trillion. Later this year .. Meanwhile, the expectations of central bank executives on interest rates have changed insignificantly. According to the Fed's mid-term forecast, the target level of the key interest rate remained at 1.4% in 2017, while the target level for 2018 also remained unchanged, at 2.1%. According to longer-term forecasts, the key interest rate should reach 3% in the future.

Components of the DOW index closed multidirectionally (18 in positive territory, 12 in negative territory). Chevron Corporation shares fell the most (CVX, -1.51%). The growth leader was the shares of The Home Depot, Inc. (HD, + 1.83%).

Most sectors of the S & P index showed a decline. Most fell the sector of main materials (-1.9%). The leader of growth was the healthcare sector (+ 0.4%).

At closing:

DJIA + 0.22% 21,374.56 +46.09

Nasdaq -0.41% 6,194.89 -25.48

S & P -0.10% 2,437.92 -2.43

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