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US stock market overview for the week

Major us stock indices ended today’s trading below zero

At the end of the trading week: Dow + 2.84%, S & P + 2.13%, NASDAQ +0.68%

On Monday, the US stock markets ended trading mixed: DJIA and S&p 500 rose moderately, while the high-tech Nasdaq suffered from a drop in shares of companies in the technology sector. Investors were also preparing for the upcoming interim elections to the Congress of the United States and analyzed data for the United States. As it became known, the U.S. service sector showed a strong expansion of business activity in October. Growth recovered from the weakness caused by the September weather, but was also supported by a sharp increase in new orders. The seasonally adjusted final index of business activity in the services sector from Markit IHS amounted to 54.8 in October, compared with 53.5 in September and the preliminary reading of 54.7. At the same time, the index of business activity in the US service sector, calculated by the Institute of supply management (ISM), fell in October to 60.3 points from 61.6 points in September. Analysts predicted that the figure would fall to 59.3 points.

Major us stock markets grew moderately on Tuesday, fueled by strong quarterly reports and a rebound in the technology sector. Investors are also preparing for the mid-term elections in the United States, and evaluated data for the United States. A survey of vacancies and labor turnover from the US Bureau of labor statistics showed that in September the number of vacancies fell to 7,009 million from 7,293 million in August (revised from 7,136 million). Analysts had expected the vacancy rate will drop to 7.1 million vacancy rates fell 0.2%, and amounted to 4.5%. A separate report showed that the index of economic optimism in the United States, calculated by the newspaper Investor’s Business Daily and research firm TechnoMetrica Institute of Policy and Politics, deteriorated in November to 56.4 points from 57.8 points in October, while an increase to 59.2 points was expected.

On Wednesday, the main us stock markets closed in the black, aided by the technology and health sector rally amid the results of the midterm elections in the US. Following the election, the Democratic party won a majority in The house of representatives, while the Republican party trump managed to maintain control of the Senate. Market participants assess this outcome of the election as the most favorable, as it is expected that such a distribution of forces in Congress will allow Trump to continue his economic policy, but will restrain his aggressive actions in the trade sphere. The division of control over Congress between Democrats and Republicans has also eased fears of rapid changes in domestic politics.

On Thursday, the main us stock markets declined mainly, catalysts of which were weak income reports, the collapse of the conglomerate sector and the results of the Fed meeting. As expected, the fed left interest rates unchanged, in the range of 2%-2.25%, but signaled the likelihood of rate hikes following the December meeting. In The accompanying statement, the fed noted that the data received since the September meeting indicate a further strengthening of the labor market, as well as strong growth rates of economic activity.” However. the Central Bank pointed to the recent weakening of capital investments of companies whose pace, according to the fed management, has become more moderate compared to those observed earlier this year.

On Friday, major us stock indices ended trading in the red, as shares of technology, energy, and industrial companies declined due to concerns about global growth after weak Chinese data and lower oil prices. In a trade dispute between Washington and Beijing, Chinese data showed that inflation fell for the fourth consecutive month in October amid declining domestic demand and manufacturing activity, while car sales also fell for the fourth consecutive month. In addition, the focus was on our statistics. As shown by preliminary research results presented by Thomson-Reuters and the Michigan Institute, the sentiment sensor among American consumers fell in November compared to October but was higher than experts ‘ expectations. According to the data, in November the consumer sentiment index fell to 98.3 points compared to the final reading for October at the level of 98.6 points. According to average estimates, the index should have decreased to 98.0 points.

In the sectoral context, almost all sectors of the s&P index for the period 5-9 November inclusive showed an increase. The health sector showed the maximum growth (+3.2%). The decrease was recorded only in the sector of conglomerates (down 2.3%).

As for the components of the Dow index, 28 of the 30 shares included in the index showed an increase over the past week. The leader was Chevron Corporation (CVX, +7.37%). Apple Inc shares showed the greatest negative result for the week. (AAPL, -6.18%).