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The Dow index has updated the record, Nasdaq is growing

The U.S. stock index Dow reached another record high, and the Nasdaq index slightly rose at the opening of trading on Monday, while the S & P changes slightly.

07.Aug.17 1:20 PM
By Daria Zaytseva


The Dow index has updated the record, Nasdaq is growing

The Dow index closed on Friday at a record peak for the eighth consecutive time against the background of surpassed forecasts of employment data in the United States in July.

Good labor statistics are likely to allow the U.S. Federal Reserve to announce in September that it has begun to reduce its assets on the balance sheet of $ 4.5 trillion, and may also be another argument in favor of a third in 2017 of raising interest rates at the regulator's meeting in December.

By 17.23 GMT, the Dow Jones index climbed 0.01 percent to 22.095.63 points, the S & P 500 index - by 0.02 percent to 2.477.41 points, the Nasdaq Composite index - by 0.25 percent to 6.367.63 points.

Six of the 11 major industry indices of S & P are traded on positive territory. The index of the energy sector sank by 0.60 percent.

Oil prices fell significantly on Monday due to the growth of OPEC production and exports, the increase in the production of raw materials in the U.S.

Meanwhile, investors continue to analyze the results of companies for the second quarter to assess how justified the high cost of shares.

On average, analysts predict that the profits of the companies entering the S & P 500 index grew by 12 percent in the second quarter.

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