Market news
11.07.2017, 20:09

Major US stock indexes closed session near zero

Major US stock indexes finished trading near the zero mark, as investors are in anticipation of the Fed's speech and the start of the reporting season for the second quarter ..

Certain pressure on the market was provided by the reports confirming the connection between Trump and Russia. The son of the US president published a correspondence between him and Rob Goldstone, a former British journalist who was trying to organize a meeting with Russian businessmen offering dirt on Hillary Clinton, namely official documents and information about her with Russia. Soon informed sources said that the US Senate Intelligence Committee plans to request from Donald Trump Jr. the documents mentioned in the correspondence.

Investors' attention was also attracted by statistics on the United States. As the report, published today by the Ministry of Trade, showed, wholesale stocks in the US grew slightly more than expected in May. The Commerce Department reported that wholesale inventories rose 0.4% in May after a revised decline of 0.4% in April. Economists had expected reserves to grow by 0.3%, compared with a 0.5% decrease, which was originally reported for the previous month.

In addition, the Job Vacancy and Labor Force Survey (JOLTS), published by the US Bureau of Labor Statistics, showed that in May the number of vacancies fell to 5.666 million. Meanwhile, the indicator for April was revised downwards to 5.967 million from 6.044 million. Analysts had expected that the number of vacancies would drop only to 5.950 million. The vacancy rate was 3.7% compared with 3.9% in April.

Components of the DOW index finished the trades mixed (16 in the red, 14 in the black). The leader of growth was shares of General Electric Company (GE, + 1.36%). Outsider were shares of NIKE, Inc. (NKE, -0.89%).

Most sectors of the S & P recorded a rise. The sector of basic materials grew most (+ 0.6%). The largest decrease was shown in the financial sector (-0.2%).

At closing:

DJIA + 0.01% 21,409.69 +1.17

Nasdaq + 0.27% 6.193.31 +16.92

S & P -0.08% 2,425.54 -1.89

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