Major stock indexes in Wall Street rose on Monday amid a rise in price of shares of conglomerates sector and technology segment. Dow newly updated records, which was largely due to the growth of the banking and industrial sectors, which are expected to benefit from increased spending on infrastructure and simpler rules for the administration of Donald Trump.
As it became known today, suppliers of services in the US have experienced robust expansion of business activity in November, helped by the fastest growth of new orders in the period of one year. Large workloads and strong business confidence led to a further rise in the rate of job creation to three and a half year low, noted in September. At the same time, input price inflation fell slightly in November, which contributed to slow growth in average prices charged by the services sector, since April. The seasonally adjusted final index of business activity in the US services sector from Markit was 54.6 in November, and remained above the neutral 50.0 value of the ninth month in a row.
At the same time, the index of business activity in the US service sector, which is calculated by the Institute of Supply Management (ISM), improved significantly in November, reaching a level of 57.2 compared with 54.8 in the previous month. According to the forecast, the rate had to rise only to 55.4. Recall, the indicator is the result of a survey of about 400 companies from 60 sectors across the United States. ISM index value greater than 50 is usually considered as an indicator of the growth of industrial activity, but less than 50, respectively, falls.
DOW index closed mixed components (15 black, 15 red). Most remaining shares rose NIKE, Inc. (NKE, + 2.98%). Outsider were shares of UnitedHealth Group Incorporated (UNH, -2.13%).
All business sectors S & P index recorded an increase. The leader turned conglomerates sector (+ 1.3%).
At the close:
Dow + 0.24% 19,216.48 +46.06
Nasdaq + 1.01% 5,308.89 +53.24
S & P + 0.58% 2,204.70 +12.75
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