Market news
18.03.2019, 20:13

Major US stock indexes finished trading in positive territory

Major US stock indices rose moderately amid a rally in the raw materials sector and expectations of the Fed meeting later this week. .

The two-day Fed meeting on monetary policy starts on Tuesday. According to the FedWatch CME Group tool, markets see zero chance of a rate hike at the March meeting. Nevertheless, investors will look for clues about the estimates of the central bank's economy, as well as the rate of further increase in interest rates.

The focus of market participants was also data on the US housing market. According to a report by the National Association of Home Builders (NAHB), the US Housing Market Condition Index (HMI) remained stable at 62 at March, while economists had forecast growth to 63. According to the report, the HMI component, which reflects sales expectations for the next six months, grew by three points to 71, the index measuring current sales conditions increased by two points to 68, and the component measuring traffic of potential buyers fell by four points to 44.

Most of the components of DOW finished trading in positive territory (21 out of 30). The growth leader was the shares of The Goldman Sachs Group. (GS, + 2.04%). The outsider was The Boeing Co. (UNH; -1.84%).

Almost all sectors of the S & P recorded an increase. The raw materials sector grew the most (+ 1.4%). The health and utility sectors ended the session unchanged.

At the time of closing:

Dow 25,914.10 +65.23 +0.25%

S & P 500 2,832.94 +10.46 +0.37%

Nasdaq 100 7,714.48 +25.95 +0.34%

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