Market news

28 March 2019

Major US stock indexes finished trading in positive territory

Major US stock indices rose moderately, aided by reports of progress in trade negotiations between the US and China.

However, further increases were limited by revised US GDP data, which heightened concerns about a slowdown in economic growth. A report by the Department of Commerce showed that US economic growth slowed more than initially reported in the fourth quarter of 2018, due to a revision of consumer and government spending. According to the report, the US GDP grew by 2.2% year on year, which was below the initial value of 2.6% and the forecast of experts 2.4%. Consumer spending, which constitutes a large part of the economy, grew by 2.5% (revised downwards), which also turned out to be lower than expected. In the third quarter of 2018, the US economy grew by 3.4%.

With regard to trade negotiations, the US delegation, led by Trade Representative Robert Lighthizer and Finance Minister Stephen Mnuchin, arrived in Beijing for a two-day meeting on Thursday. Reuters reported yesterday evening that China made unprecedented proposals on a number of controversial issues, including the forced transfer of technology by US companies when entering the PRC market. The message is encouraging, but it should be remembered that the market has already expressed hope for a final deal, which has never been reached. Trump's economic adviser Larry Cudlow said that negotiations are not time-dependent.

Most of the components of DOW finished trading in positive territory (25 out of 30). The growth leader was NIKE Inc. (NKE, + 1.15%). The outsider was Verizon Communications Inc. (VZ; -2.95%).

Almost all sectors of the S & P recorded an increase. The service sector grew the most (+ 0.6%). The largest decline was shown by the utility sector (-0.8%).

At the time of closing:

Dow 25,717.46 +91.87  +0.36%

S & P 500 2,815.44 +10.07 +0.36%

Nasdaq 100 7,669.17 +25.79 +0.34%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

Open Demo Account
I understand and accept the Privacy Policy and agree that my name and contact details can be used by TeleTrade to contact me about the information I have selected.
23 International Awards
Have a question?

We are ready to assist you in every step of your trading experience
by providing 24/5 multilingual customer support.

Follow us

Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.

© 2011-2021 Teletrade-DJ International Consulting Ltd

Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).

The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.

Please read our full Terms of Use.

To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.

Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Choose your language/location