Major US stock indexes rose on Tuesday, ending a five-day decline in this case. Fall of Chinese indexes slowed due to the fact that the regulator China Securities said on Monday that will buy shares to stabilize the market, after the biggest decline in the market for eight years.
As it became known today, the US service sector grew at a faster pace in July than in June, as employment and new business accelerated. As shown by the report financial firm Markit, its preliminary purchasing managers' index for the services sector rose to 55.2 in July from 54.8 last reading in June, slightly ahead of the 55 level expected by economists. Recall that the value of more than 50 indicates expansion of economic activity.
In addition, the report submitted by the Conference Board, showed that the index of US consumer confidence fell in July to a level of 90.9 points against 99.8 points in June (revised from 101.4 points). Economists had expected the index was 100.0 points. The report said that the expectations index fell to 79.9 in July from 92.8 in June, while the current situation index fell to 107.4 points from 110.3 points.
Oil prices also rose in today's trading, but still near four-month low against a background of excess reserves in the US and concerns about demand in China.
Almost all components of the index DOW closed in positive territory (29 of 30). Most remaining shares rose Exxon Mobil Corporation (XOM, 4.19%). Only shares fell EI du Pont de Nemours and Company (DD, -1.49%).
All sectors of the index S & P ended the session in positive zone. Leaders of growth were the basic materials sector ( 2.7%).
At the close:
Dow 1.09% 17,630.47 189.88
Nasdaq 0.98% 5,089.21 49.43
S & P 1.24% 2,093.26 25.62