Major US stock indexes finished trading in positive territory, helped by the growth of the conglomerate sector and the technology sector, as well as signs that Beijing will weaken its industrial policy "Made in China in 2025".
In addition, investors analyzed inflation data for the United States. The US Department of Labor reported that consumer prices did not change in November, constrained by a sharp decline in gasoline prices, but the underlying inflationary pressure remained steady amid rising rent and health care costs. The report noted that last month the fixed value of the consumer price index followed an increase of 0.3 percent in October. This was the lowest value in eight months. In the 12 months to November, the consumer price index rose 2.2% from an increase of 2.5% in October. Excluding food and energy prices, CPI rose 0.2%, corresponding to an increase in October. In the 12 months to November, the so-called basic consumer price index rose 2.2% after rising 2.1% in October. Economists predicted that the overall CPI will remain unchanged, while the base index will rise by 0.2% in November.
Most of the components of DOW finished trading in positive territory (24 out of 30). The growth leader was DowDuPont Inc. (DWDP, + 2.03%). The outsider was Verizon Communications Inc. (VZ, -2.73%).
Almost all sectors of the S & P showed an increase. The growth leader was the conglomerate sector (+ 1.2%). Only the utility sector decreased (-0.1%).
At the time of closing:
Dow 24,527.27 +157.03 +0.64%
S & P 500 2,651.07 +14.29 + 0.54%
Nasdaq 100 7,098.31 +66.48 + 0.95%
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