Major stock indexes Wall Street rose slightly on Friday after the inaugural speech of Donald Trump as the 45th President of the United States of America. After the oath Trump said that US policy will be aimed at the purchase of US and hiring Americans. Trump Election promises about tax and regulatory reforms, as well as the increase in infrastructure spending drove Wall Street to new highs after the elections. Nevertheless, trade in recent weeks have calmed down, as investors awaited more clarity to stimulate the economy. Important statistics that could have an impact on market sentiment, was not published.
Oil prices rose by more than 2%, continuing yesterday’s trend, helped by expectations that the coming weekend the world’s leading manufacturers to demonstrate their commitment to the terms of the deal to reduce oil production.
The objective planned for this weekend’s meeting in Vienna, which will be attended by members of the Organization of Petroleum Exporting Countries, and some producers outside the group is to create a mechanism to verify compliance with the conditions of the transaction by reducing production.
DOW index components ended the day mostly in positive territory (20 of 30). Most remaining shares fell General Electric Company (GE, -2.40%). Leaders of growth were shares of Merck & Co., Inc. (MRK, + 3.91%).
Sector S & P index closed mostly in positive territory. The leader turned out to be the sector of consumer goods (+ 0.5%). The health sector fell the most (-0.4%).
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