Market news
20.08.2018, 20:16

The major US stock indexes finished trading in positive territory

The main US stock indices rose slightly against the backdrop of investor optimism regarding the upcoming trade talks between China and the United States.

According to the Wall Street Journal, Chinese and US negotiators are developing a roadmap for talks to put an end to their trade deadlock, culminating in a meeting between President Trump and Chinese leader Xi Jinping at multilateral summits in November. Officials of both countries said about this publication.

The focus of investors' attention was also the statements of the head of the Federal Reserve of Atlanta Bostika, who noted that he expects another increase in rates this year. Bostik said that the latest developments on the world stage have exacerbated downward risks for the US economy prospects, and added that the decline in the Turkish lira was unexpected.

In addition, today US President Trump noted that he is not happy with the current policy of the Fed and raising rates. Trump is concerned that the rate hike will cool the economy, which demonstrates very high growth rates. Some of Trump's political advisers fear that if the Fed continues to tighten its policy, the pace of economic growth and job creation may slow down, just when it's time to start the election campaign ahead of the 2020 elections.

Most of the components of DOW have finished trading in positive territory (19 out of 30). Leader of the growth were shares of NIKE, Inc. (NKE, + 3.15%). Outsider were shares Walmart Inc. (WMT, -1.90%).

Most sectors of the S & P recorded a rise. The commodities sector grew most strongly (+ 0.8%), while the conglomerate sector showed the greatest decline (-0.4%)

At closing:

Dow 25,758.69 +89.37 +0.35%

S&P 500 2,857.05 +6.92 +0.24%

Nasdaq 100 7,821.01 +4.68 +0.06%

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