MOSCOW, 3 Nov. U.S. stock indexes on Monday rose between 0.9 and 1.45% on the back of positive internal statistics, NASDAQ has reached the maximum level at day 15 years of trading, according to data exchanges.
Industrial index Dow Jones rose by 0.94% to 17828,76 point, high-tech NASDAQ — on 1,45%, to 5127,15 points, the index of wide market S&P 500 by 1.19% to 2104,05 item.
American Institute for supply management (Institute for Supply Management, ISM) reported Monday that the index of business activity in industrial sector of the U.S. economy (ISM Manufacturing) in October fell to 50.1% from September’s reading of 50.2%. The data has appeared better forecasts of analysts which expected indicator decrease to 50%. “Thus, growth in the industrial sector continued for 34 months in a row,” said the organization.
Meanwhile, the index of business activity in the field of industrial production (PMI) for the 19 Eurozone countries, according to the final assessment in October increased from September, the lowest in the last five months, the mark of 52 points to 52.3 points. Preliminary PMI data in the industrial production in the Eurozone was 52 points. Analysts had expected the conservation of the indicator at this level.
Investors also pay attention to news corporations. On Monday the French group Alstom closed the sale of its energy business to the American group General Electric (GE). The transaction value amounted to about 12.4 billion EUR.
“The statistics of the world today proves the stability of the economic environment that is uplifting. Mergers and acquisitions also always a good indicator of the mood of companies and is usually indicative of good market conditions, and we have seen several deals recently,” said Bloomberg chief investment strategist of Janney Capital Management mark Luschini (Mark Luschini).