• Home
  • Analytics
  • Market News
  • Major US stock indexes finished trading in positive territory

Market news

15 May 2019

Major US stock indexes finished trading in positive territory

Major US stock indexes rose moderately, as the news that US President Donald Trump plans to postpone the introduction of tariffs on European cars outweighed weak economic data from the US and China.

Three sources told CNBC that the Trump administration would postpone the decision to impose a 25% duty on European-made cars for up to six months. This news, which was first reported by Bloomberg, led to an increase in car companies.

In addition, Finance Minister Stephen Mnuchin said that, most likely, he would soon go to China to continue trade negotiations.

These messages have allowed to reassure market participants, agitated by previously published weak economic data from the United States and China, which heightened concerns about the slowdown of the global economy.

A report by the Commerce Department showed that US retail sales unexpectedly fell in April, reflecting a sharp decline in car sales. According to the report, retail sales fell by 0.2% after rising 1.7% in March. Economists had expected sales to grow by 0.2%. With the exception of a sharp drop in car sales, retail sales in April rose by 0.1% after rising by 1.3% in March. It was expected that sales excluding cars will grow by 0.7%.

The Fed reported that industrial production in the United States fell by 0.5% in April after rising 0.2% in March, while economists had forecast that the figure would remain unchanged.

Almost all of the components of DOW finished trading in positive territory (27 out of 30). The growth leader was the shares of Visa Inc. (V; + 1.47%). Walmart Inc. shares turned out to be an outsider. (WMT; -0.40%).

Almost all sectors of the S & P recorded an increase. The greatest growth was shown by the technology sector (+ 1.5%). Only the utility sector decreased (-0.1%).

At the time of closing:

Dow 25,648.02 +115.97 +0.45%

S & P 500 2,850.96 +16.55 +0.58%

Nasdaq 100 7,822.15 +87.65 +1.13%

Market Focus
  • Fitch Ratings retained Japan's sovereign ratings at 'A'
  • Earnings Season in U.S.: Major Reports of the Week
  • New car registrations in the European Union fell in June
  • Australia's leading index improved in June, but remained consistently negative - Westpac

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 Forex 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.
37 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. 67% 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.

© 2011-2018 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 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. If you disagree, you may change your browser settings at any time. Read more.

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.