Market news
08.12.2017, 21:22

The major US stock indexes finished trading in positive territory

Major US stock indices grew moderately on Friday after data indicated a steady increase in employment in the US.

So, the growth of jobs in the US increased at a strong pace in November, and salaries were restored, outlining a portrait of a healthy economy, which, according to analysts, does not require the financial incentive offered by US President Donald Trump. Last month, the number of jobs in the non-agricultural sector increased by 228,000 jobs against a background of broad-based growth, as distortions from recent hurricanes disappeared, the Ministry of Labor said on Friday. Data for October were revised, and showed that the economy added 244,000 jobs instead of the previously announced 261,000.

In addition, preliminary research results submitted by Thomson-Reuters and the Michigan Institute showed that the mood sensor among US consumers fell in December despite the average forecasts of experts. According to the data, in December the consumer sentiment index fell to 96.8 points compared to the final reading for November at 98.5 points. According to average estimates, the index had to grow to a level of 99 points.

Wholesale inventories in the US fell by 0.5% in October, the Ministry of Commerce said on Tuesday. Economists had expected merchandise stocks in wholesale warehouses to fall by 0.4% after rising 0.1% in the previous month. Companies could not keep pace with production because of a combination of growing demand and supply disruptions caused by hurricanes in the previous month. However, inventories grew by 3.9% year-on-year. Wholesale sales grew by 0.7% in October.

Most of the components of the DOW index recorded an increase (22 out of 30). The leader of growth was shares of Microsoft Corporation (MSFT, + 2.02%). Outsider were the shares of The Coca-Cola Company (KO, -1.03%).

Almost all sectors of S & P completed trading with an increase. The healthcare sector grew most (+ 1.2%). Decrease showed only the sector of conglomerates (-0.6%).

At closing:

Dow + 0.49% 24.329.16 +117.68

Nasdaq + 0.40% 6,840.08 +27.24

S & P + 0.55% 2.651.50 +14.52

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