Moscow. On 26 November. Changes in U.S. stock indices at the end of trading on Wednesday were weak and mixed, after the publication of a series of statistical data on the eve of thanksgiving Day, market participants kept to the expectations of a December rate hike by the Federal reserve system, writes The Wall Street Journal.
“Economic data generally confirm what we already saw a moderate recovery,” said chief investment officer of Atlantic Trust Private Wealth Management David Donabedian.
Costs Americans last month increased 0.1%, while experts expected growth rate of 0.3%. The income of the U.S. population in October increased by 0.4% compared with the previous month, as expected.
The volume of orders for durable goods in the U.S. last month jumped by 3% compared with the previous month, after falling 0.8% in September, while the consensus forecast provided for an increase of 1.7%.
Orders excluding aircraft and military equipment, an indicator of business investment rose last month by 1.3%, while experts expected increase of 0.2%.
The number of Americans who first applied for unemployment benefits last week fell by 12 thousand to 260 thousand a month from a revised 272 thousand a week earlier. Analysts surveyed by Bloomberg expected a decline in the number of requests per 1 thousand to 270 thousand, with the previously announced level of 271 thousand
Sales of new U.S. homes in October rose to the highest in 14 months of 10.7% to 495 thousand homes in terms of annual rates. The consensus forecast included an increase of 6.8%.
Consumer confidence in the US economy improved in November, although not as substantially, as testified to preliminary estimates.
Wednesday was the last full trading day in the US this week, as in Thursday exchanges will be closed in observance of thanksgiving Day and the Friday session will be reduced by nearly half.
The price of securities Deere & Co. rose 4.8% thanks to positive quarterly reports – the profit exceeded the most optimistic analysts.
The market value of the pharmaceutical company Pfizer Inc. increased by 2.8% after the improvement of estimates of its stock to several brokers, including SunTrust Robinson.
The stock price of HP Inc. fell 14% on weak earnings forecast for the current quarter and fiscal year as a whole. However, Hewlett-Packard Enterprises Co. – second part separated from 1 November of the concern Hewlett-Packard Co. – annual forecast confirmed, with a positive impact on her papers (+3.1 per cent).
The Dow Jones Industrial Average on Wednesday rose by 1.20 points (0,01%) – to 17813,39 item.
Standard & Poor’s 500 index declined 0.27 point (0.01 percent), to 2088,87 item.
The value of the Nasdaq Composite increased by 13,33 points (0,26%) – to 5116,14 item.