US indices ended trading on Tuesday with mixed results after a very weak start to the year. S & P 500 remained above the key level of 1867 points, to which fell in August, says CNBC.
In the last 10 minutes before the end of the trading session, all three major indexes have tried to keep growth from the start of trading.
During the afternoon trading S & P 500 briefly fell below 1867 points, but then the record growth, ending trading at 1880 points.
Short shares of energy companies plunged by more than 3%, while utilities fell by over 1% in afternoon trading. Apple and Microsoft is traded by about half a percent down. Nasdaq Composite temporary decline of 3%.
The blue chip index Dow Jones Industrial Average was trading about 20 points up, UnitedHealth and McDonald’s contributed most to this. Exxon Mobil and Chevron again weighed most on the index.
Overall trade began with gains amid the news from China, which caused some hopes for further monetary stimulus. Asian markets ended the session with gains, while Shanghai Composite recorded growth of over 3%. European markets also followed suit and finished in green territory by more than 1% growth.
“I do not think that the Chinese data were so good. There were so bad. Partly coincided with expectations,” said James Meyer, chief investment officer at Tower Bridge Advisors.
Moreover, today the International Monetary Fund cut its forecast for global economic growth for 2016 to 3.4 percent, down from previous forecasts, but above the official forecast of 3.1% for 2015
After the end of trading today their statements should announce IBM and Netflix.
Yields on 10-year government bonds rose to 2.03%, and this 2-year securities – up to 0.86%.