The main indices of US stock exchanges on Wednesday increased. The companies from the retail trade sector stood out positively, and the results of the Macy's chain of stores were better than expected by the good sentiment towards the industry. The dollar continues to strengthen against the euro, while US bond yields continue to rise.
Dow Jones Industrial on the closing increased by 0.25 percent, to 24,768.93 points.
S & P 500 gained 0.41 percent. and amounted to 2,722,46 points.
Nasdaq Composite increased by 0.63 percent, to 7,398.29 points.
Among the thirty DJI companies, the shares of the Nike clothing company grew the most. In the S & P 500, the consumer sector of the higher order was doing the best.
Macy's course went up by over 11 percent. The owner of the chain of retail stores recorded better than expected quarterly results. Key measure for retailers, ie comparable sales increased by 4.2 percent in the last quarter. against forecasts at 1.4%.
Macy's good results improved sentiment towards the sector.
Teva Pharmaceutical shares have gone up by more than 3 percent. after the information that Berkshire Hathaway, Warren Buffett investment company, has increased involvement in the drug manufacturer.
The dollar continues to strengthen against the euro. The EUR / USD exchange rate is down 0.3 percent to 1.180. USD / JPY remains unchanged at 110.3.
The yield on US 10-year bonds is up by 2 bp, to 3.10%. and is at the highest level since 2011. The yield on German 10-year papers remains unchanged.
Industrial production in the US in April 2018 increased by 0.7 percent. mdm - Federal Reserve (Fed). Analysts expected the index to increase by 0.6 percent. mdm, compared to +0.7 per cent a month earlier, after a revision of + 0.5 percent.
Capacity utilization of US companies reached 78.0% in April. vs consensus 78.4% and 77.6 percent. a month earlier, after a revision from 78.0 percent.
Raphael Bostic from Fed Atlanta stressed on Wednesday that the main task of the Fed is to avoid the reversal of the yield curve.
Crude oil inventories in the US fell 1.4 million barrels last week, or 0.3 percent, to 432.35 million barrels, the US Department of Energy (DoE) said. The analysts surveyed by Bloomberg expected a drop in inventories by 2 million barrels.
The worries after the inauguration of the American embassy in Jerusalem are still on the upside. The list of fatalities now officially surpasses 60 people. (PAP)
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