Three major US stock indices — S&P 500, Dow Jones Industrial Average (DJIA) and the NASDAQ closed 11 August 2016 at the historic high that it hasn’t been more than a dozen years. According to Dow Jones, the previous time this happened December 31, 1999.
The value of the stock index S&P 500 during the bidding rose to 2188,45 item, which is the highest opening in the history of the index, the publication of which began in March 1957 with a mark 44,06 points. The trades closed at the level of 2185,79 points (+0,47% to the previous close), which was also a record.
In the calculation of the S&P 500 index, which is often called the “barometer of the American economy”, taking into account quotations of the stock of the 500 largest public and most important U.S. companies, traded on the new York stock exchange (NYSE) and the NASDAQ and representing various sectors of the economy.
The DJIA (calculated on the basis of stock price of 30 largest US companies listed on NYSE and NASDAQ) rose at the end of the day 0.64% auctions closed at a record 18613,52 points. High-tech NASDAQ index for the day was up 0.46% to 5228,4 points), also setting a new record.
The gains occurred on the background of the rise of world oil prices. 11 Aug 2016 Brent crude on the ICE futures exchange rose by about 5%, trades it for the first time in three weeks closed above $46 per barrel.
The rise in oil prices has led to the fact that the energy index, the S&P rose at the end yesterday’s trading session on 1,3%, having shown the best dynamics among the ten major industry indexes. While one of the drivers of growth were shares of oil company Chevron, which gained the day by 1.26%.
Optimism of investors was promoted also the data about decrease in number of unemployed in the U.S. and better-than-expected results of major retailers Macy’s and Kohl’s. Macy’s shares yesterday rose by 17.09%, after it became known that comparable sales in its stores network shrank less than predicted. Kohl’s paper on the background of positive statements went up by 16.17%.
Major US stock indexes pushed up the rise in value of the shares of Nike (+2.9%) and pharmaceutical company Merck (+1,58%) and manufacturer of notepads, Post-It and duct tape Scotch 3M (+1,22%).