Market news
14.08.2017, 20:06

The main US stock indices rose as a result of today's trading

The major US stock indexes closed higher, as investors returned to more risky assets after easing tensions on the Korean peninsula.

The global stock market has lost almost $ 1 trillion in value. Last week after President Trump demanded that North Korea stop threatening and warned that the US would respond with "the fire and rage that the world has never seen." This gave rise to a "verbal war" between Pyongyang and Washington. However, US officials, including the head of the CIA Pompeo and US National Security Adviser, McMaster, said on Sunday that there is no indication of a possible start to hostilities, while the President of South Korea said that it is necessary to resolve the issue of Pyongyang's nuclear ambitions peacefully.

Oil prices have declined significantly, as lower levels of refining in China have caused concern about demand from the second largest consumer in the world, while an increase in US drilling activity could further exacerbate the global supply surplus. The National Bureau of Statistics said that Chinese oil refineries processed 10.71 million barrels per day in July, which is about 500,000 barrels per day less than in June and is the lowest since September 2016. According to analysts, the fall was more significant than expected, which increases fears that excess oil products could weaken China's oil demand.

Most components of the DOW index showed an increase (25 out of 30). Leader of growth were shares of Visa Inc. (V, + 1.84%). Outsider was the shares of The Home Depot, Inc. (HD, -0.71%).

Almost all sectors of the S & P index ended the session in positive territory. The financial sector grew most (+ 1.4%). The largest decrease was registered in the main materials sector (-0.2%)

At closing:

DJIA + 0.61% 21,991.72 +133.40

Nasdaq + 1.34% 6.340.23 +83.67

S & P + 0.99% 2.465.56 +24.24

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