Market news
22.05.2018, 20:13

The main US stock indices fell on the results of today's trading

Major US stock indexes finished trading in the red, which was due to a fall in shares of the industrial goods sector and the conglomerate sector.

The focus of investors' attention was also the statements of US President Trump, who noted that the summit of the United States and North Korea "may not take place on June 12." Trump said that he requires certain conditions for the summit, and added that Kim Jong-un is seriously attuned to the summit. Trump said that he wants the negotiations with China regarding trade to take place "fairly quickly." Also, the US president said he was not satisfied with the trade negotiations with China, adding that this is only the beginning

A certain influence on the course of trading also provided data on the United States. Manufacturing companies of the Fifth Circuit demonstrated robust growth in May, according to a survey of the Federal Reserve Bank of Richmond published on Tuesday. The index of production activity rose sharply from -3 in April to 16 in May, helped by the growth of sub-indices of supplies, new orders and employment. Local business conditions also moved to expansion territory, after easing in April, while firms remained optimistic that growth will continue in the coming months.

Most of the components of DOW finished trading in the red (22 of 30). Leader of growth were shares of Verizon Communications Inc. (VZ, + 0.87%). Outsider were shares of The Boeing Company (BA, -2,50%).

Most S & P sectors recorded a decline. The largest drop was shown by the sector of conglomerates (-1.7%). The financial sector grew the most (+ 0.4%).

At closing:

Dow 24,834.72 -178.57 -0.71%

S&P 500 2,724.50 -8.51 -0.31%

Nasdaq 100 7,378.46 -15.58 -0.21%

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