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US shares rose after macro data and comments by the head of the Ministry of Finance

The American stock market closed Thursday's session in positive territory.

01.Sep.17 2:42 PM
By Daria Zaytseva


US shares rose after macro data and comments by the head of the Ministry of Finance
This was facilitated by the release of economic data and cautious hopes of investors to reform the tax system after comments by US Treasury Secretary Steve Munchina.

The Dow Jones Industrial Average rose 0.25 percent, the S & P 500 added 0.57 percent, and NasdaqComposite climbed 0.95 percent.

Over the past month, S & P rose by 0.05 percent, Dow added 0.28 percent, and the Nasdaq - by 1.27 percent.

Mnuchin said on Thursday that the administration of US President Donald Trump has a detailed tax reform plan and is preparing to implement it by the end of the year. On Thursday, Trump again called for a reduction in corporate tax in the US from 35 to 15 percent.

Released on Thursday, data showed that the annual inflation rate in July was the lowest in more than 1.5 years, which weakened expectations of an increase in the rate of the US Federal Reserve in December. At the same time, consumer spending in the US increased by 0.3 percent, falling slightly below the projected 0.4 percent.

By the results of trades, ten out of the 11 main S & P sectors grew, the best indicator was the health index, which rose by 1.5 percent.

The Dow rose mainly due to shares of UnitedHealth, which rose by 1.5 percent. The biotechnological index of Nasdaq grew by 2.8 percent due to Gilead, Celgene and Biogen, whose securities gained more than 3 percent.

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