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Wall Street opened without a clear dynamics after the data on US GDP



The S & P and Dow indexes started trading in slow motion, while investors rated US GDP data that exceeded forecasts that had a stronger impact on the market than the hostile rhetoric of US President Donald Trump addressed to North Korea.



30.Aug.17 1:53 PM
By Daria Zaytseva
Photo Toinnov.com

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Wall Street opened without a clear dynamics after the data on US GDP

US GDP grew by 3.0 percent between April and June, according to a revised forecast by the US Department of Commerce. Analysts had expected growth of 2.7 percent.

Supported the market and employment data from the company ADP, according to which the number of jobs in the US private sector in August increased by 237,000 after an increase of $ 201,000 in the previous month. Economists predicted that the number of jobs will increase by 183,000.

The probability of an increase in US Federal Reserve rates has risen from 32 to 37 percent after the release of data, according to FedWatch from the CME Group.

Investors are also following the tense relations between North Korea and the US after Trump rejected any opportunity to negotiate with Pyongyang with the words "negotiations are not the answer" the day after Pyongyang launched a ballistic missile over Japan.

By 18.02 GMT, the Dow Jones Industrial Average grew by 0.01 percent, the S & P 500 climbed 0.2 percent, and the Nasdaq Composite climbed 0.58 percent due to the growth of Apple and Amazon.

Eight of the 11 major sectors of the S & P fell, most of all - by 0.52 percent - the energy index fell.

Shares of H & R Block fell by 7.8 percent to $ 26.9, more than other components of the S & P index, after reporting a quarterly loss.




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