Major US stock indices rose slightly on Monday, as the growth in US Treasury yields led to a rebound in banking stocks after three days of losses.
In addition, according to research published by the Federal Reserve Bank of New York, the region's production index rose significantly in October, despite the average forecasts of economists expecting a decline. According to the data, the production index in the current month rose to +30.2 points compared to +24.4 points in September. Previous value was not revised. Economists had expected the index to fall to +20.7 points.
Investors also expect another quarterly report. This week, UnitedHealth (UNH), Morgan Stanley (MS), Goldman Sachs (GS), IBM (IBM), American Express (AXP), Verizon (VZ), General Electric (GE), Procter & Gamble ( PG) and many others (the total expected from 55 companies of the index basket S & P 500 this week).
Today, the focus of attention was the shares of Netflix, which should provide a report on the results of activity in the third quarter after the close of the trading session.
Quotes of oil moderately increased on Monday, reacting to news that Iraqi forces entered the oil city of Kirkuk, after serving the territory from Kurdish fighters. Support prices also had a short-term reduction in the oil production of the second largest producer of OPEC.
Most components of the DOW index recorded a rise (19 out of 30). Leader of the growth were shares of JPMorgan Chase & Co. (JPM, + 2.09%). Outsider were shares Pfizer Inc. (PFE, -1.18%).
Most sectors of the S & P index finished trading in positive territory. The consumer goods sector grew most (+ 0.4%). The utilities sector showed the greatest decrease (-0.3%).
At closing:
DJIA + 0.37% 22.956.05 +84.33
Nasdaq + 0.28% 6,624.01 +18.21
S & P + 0.18% 2.557.64 +4.47
© 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.