The major US stock indexes finished trading in positive territory

The main US stock indexes have moderately grown, led by the technology sector, as optimism due to the season of reports offset fears of a trade war in the US.

A certain influence on the dynamics of trading was also provided by the US data. The US Department of Labor said that consumer prices rose for the third consecutive month in June, undermining an already slow rise in wages and sending inflation to its highest level in more than six years. The consumer price index (CPI) increased seasonally by 0.1% in June compared with the previous month. Excluding volatile food and energy, prices rose by 0.2%. Economists had expected a 0.2% growth since May for the general index and for the so-called core inflation. The price increase last month led to the cumulative growth of the CPI in June compared to a year earlier to 2.9%, which is the highest since February 2012. Core inflation in June fell to 2.3% compared to the previous year, which is the highest since January 2017.

In addition, a separate report from the Ministry of Labor showed that the number of Americans applying for unemployment benefits fell more than expected last week, reaching a two-month low, which indicates that labor market conditions remained stable in early July. Initial claims for unemployment benefits decreased by 18,000 to 214,000, seasonally adjusted for the week ended July 7, the lowest level since early May. Data on calls for the previous week were revised upward to show 1000 applications more than previously reported.

Most components of DOW are in the black (25 out of 30). Leader of the growth were shares of Cisco Systems, Inc. (CSCO, + 2.36%). Outsider were the shares of The Procter & Gamble Company (PG, -0.47%).

All sectors of S & P finished trading in positive territory. The technological sector grew most (+ 1.6%).

At closing:

Dow 24,924.89 +224.44 +0.91%

S&P 500 2,798.29 +24.2 +0.87%

Nasdaq 100 7,823.92 +107.31 +1.39%