Major US stock indexes fell slightly, as robust US economic data and upbeat company results Alphabet (GOOG) and Chevron (CVX) compensated for the decline in the health sector and a weak report Amazon (AMZN).
As it became known, the real gross domestic product grew at an annualized rate of 2.9% in the third quarter of 2016, according to “preliminary” assessment of the Bureau of Economic Analysis. In the second quarter, real GDP increased by 1.4%. Real GDP growth in the third quarter reflected positive contributions from personal consumption expenditures (PCE), exports, private investments, stocks, costs the federal government as well as non-residential investment in fixed assets, which were partially offset by a negative contribution from residential fixed capital investment and government costs and expenses of local government. Imports, which are subtracted in the calculation of GDP, increased.
DOW index components closed mostly in the red (17 of 30). Most remaining shares rose Chevron Corporation (CVX, + 4.08%). Outsider were shares of Merck & Co., Inc. (MRK, -4.15%).
Most Sector S & P index showed a decline. The leader turned out to be the industrial goods sector (+ 0.7%). the health sector fell the most (-1.7%).
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