Market news
07.06.2018, 20:08

The main US stock indexes finished trading without a single dynamics

Major US stock indexes ended the trading session mixed. Technological stocks stopped their growth, and Nasdaq declined for the first time in five days, while the McDonald's stock surge allowed Dow to fix a moderate increase.

Market participants are also waiting for the Fed meeting, which is scheduled for June 12-13, and remain cautious on the eve of the G7 summit, which will be held on June 8-9.

Slight influence on the course of trading was provided by data from IBD / TIPP, which indicated that the index of economic optimism in the US improved in June, but was below expert predictions. The index rose in June by 0.3 points, to 53.9 points, while experts expected that it would increase to 54.2 points. The index is above the level of 50 points for 21 consecutive months (since October 2016), which is the longest series in the history of this study.

Quotes of oil rose by more than 2%, which was due to concern about a sharp decline in exports from Venezuela, although the increase in oil production in the US was holding back the price increase. Venezuela, which faces the threat of US sanctions and is in the midst of an economic crisis, is almost a month behind in sending crude oil to customers from its main export terminals. Chronic delays and a decline in production may violate contracts for the delivery of the state company PDVSA, if the backlog is not eliminated in the near future.

Most DOW components recorded a rise (21 out of 30). The leader of growth was the shares of McDonald's Corporation (MCD, + 4.35%). Outsider were shares of Intel Corporation (INTC, -1.97%).

Most sectors of the S & P finished trading in the red. The commodities sector grew most (+ 0.5%), while the technological sector showed the largest decline (-1.0%).

At closing:

Dow 25,240.58 +94.19 +0.37%

S&P 500 2,770.38 -1.97 -0.07%

Nasdaq 100 7,635.07 -54.17 -0.70%

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