TeleTrade - Analytics


    873.00 6.50/10
    64% of positive reviews

    30.07.2015 20:07 Major US stock indexes finished trading mixed

    US stock indices showed mixed trends on Thursday after earnings from Facebook (FB) and Procter & Gamble (PG) disappointed investors and data showed that the US economy grew more slowly than expected.

    For example, in the US economic growth accelerated in the second quarter, as the rise in consumer spending offset the decline due to weak business spending on equipment, assuming a steady pulse that can bring the Fed to raise interest rates this year. Gross domestic product expanded at an annual rate of 2.3%. In the first quarter GDP, as previously reported, it was reduced to 0.2%. However, this figure was revised to a rise of 0.6%.

    "Revision of estimates of GDP growth in the first quarter indicates the likelihood of the Fed rate hike in September," - said the managing director of stock trading at Wedbush Securities Michael James.

    In addition, as it became known today, the number of Americans who first applied for unemployment benefits last week rose from forty-year low, but the general trend shows that the labor market is strengthening. Primary applications for unemployment benefits, an indicator of layoffs, increased by 12,000 to 267,000 seasonally adjusted in the week ended July 25th. This Labor Department said Thursday.

    Today his statements to publish more than 50 companies included in the calculation of the index Standard & Poor's 500. Among those already unveiled their finpokazateli companies about 75% higher than expectations for profit of 50% - in relation to revenue.

    Almost all components of the index DOW closed in positive territory (19 of 30). Outsider were shares The Procter & Gamble Company (PG, -4.00%). Most remaining shares rose Microsoft Corporation (MSFT, 1.53%).

    Sector S & P index showed diverse dynamics. Most of the basic materials sector fell (-0.4%). The largest growth sector proved conglomerates ( 1.1%).

    At the close:

    Dow -0.03% 17,746.05 -5.34

    Nasdaq 0.39% 5,131.61 19.88

    S & P 0.05% 2,109.59 1.02

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree