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Wall Street finished trading without any dynamics

A sharp fall in oil prices caused a decline in the Wall Street electricity sector.

06.Jul.17 4:30 AM
By Daria Zaytseva


Wall Street finished trading without any dynamics

Itís also held back the dynamics of the Dow and S & P 500. Nevertheless, Nasdaq has emerged as a plus due to the technology sector.

Oil fell in price by about 4% per night, putting an end to the longest period of growth over the past five years due tothe strengthening of the dollarand fears of OPEC's growing exports.

Shares of Exxon and Chevron fell more than 1.5%, providing the largest decline in the Dow and S & P indexes. The S & P energy index fell by 2%, becoming the sector with the worst dynamics among the 11 major sectors in the S&P.

The Dow Jones Industrial Average closed with a 0.01% decline, the S & P 500 rose 0.15%, and the Nasdaq Composite gained 0.67%.

The main driving force of the S & P 500 was the technology sector, which grew by 1%. The best dynamics were shown by Advanced Micro Devices, Micron and Nvidia. The index of semiconductor manufacturers PHLX jumped by 2.1%.

The index of the technological sector grew by about 17% this year.

Shares of O'Reilly Automotive fell 18.9% to a low of almost three years after the release of these sales, which did not justify the company's own forecasts.

This dynamics has also affected other auto parts retailers: Autozone papers fell 9.6%, and Advance Auto Parts lost 11.15%.

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