Major US stock indexes closed with no unified dynamics on the background of deterioration in the global growth forecast from the International Monetary Fund because of the uncertainty about the impending release of Great Britain from the European Union.
In addition, as it became known today, bookmarks of new homes and building permits rose more than expected in June, partly reflecting a rebound in housing starts in the northeast. Bookmarks new homes in the US rose more than expected in June. The Commerce Department reported that the establishment of new homes jumped 4.8% to an annual rate of 1.189 million in June compared with the revised estimate for May at the level of 1.135 million. Economists had expected the establishment of new homes will rise slightly by 0.5% to 1,170 million to 1.164 million, which was originally reported in the previous month.
Oil prices dropped slightly today, as the market has concerns about the global oversupply of oil. A further fall in prices hinder the news of disruptions to oil supply from Libya. Protest over wages led to the closure of the eastern Libyan oil terminal Harigo, forcing to stop production at the field Safir. As a result, the supply of Libyan oil decreased by about 100 thousand. Barrels per day.
DOW index components closed mostly in the red (18 of 30). Outsider were shares of Microsoft Corporation (MSFT, -1,86%). Most remaining shares rose McDonald’s Corp. (MCD, + 2,15%).
All business sectors S & P index showed a decline. Most of the basic materials sector fell (-1.2%).
At the close:
Dow + 0.14% 18,559.08 +26.03
Nasdaq -0.38% 5,036.37 -19.41
S & P -0.14% 2,163.78 -3.11
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