Major US stock indexes finished the session around zero, as the fall in shares in the utilities sector and consumer goods was offset by growth in the conglomerate sector and industrial goods. In addition, September data showed that the business activity of the private sector in the US has improved significantly, while the composite index was close to the 7-month high. The last expansion of production in the private sector was supported by a steady increase in activity in the services sector, which contrasts with the relatively modest growth among manufacturing companies. In September, taking into account seasonal fluctuations, the composite PMI index was 54.6 points, which is less than 55.3 in August, but still much higher than the neutral point of 50 points.
The cost of oil futures rose slightly on Friday after large oil producers at a meeting of the OPEC-led committee announced record compliance with their agreement to cut production, but, as expected, did not decide to extend the agreement.
Most components of the DOW index recorded a decline (16 out of 30). Outsider were shares UnitedHealth Group Incorporated (UNH, -1.23%). Leader of the growth were shares of Cisco Systems, Inc. (CSCO, + 2.08%).
Most sectors of S & P completed the auction in positive territory. The conglomerate sector grew most (+ 0.7%). The utilities sector showed the greatest decrease (-0.6%).
At closing:
Dow -0.04% 22,349.59 -9.64
Nasdaq + 0.07% 6.426.92 +4.23
S & P + 0.06% 2.502.22 +1.62
© 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.