Monday 15 January 2018

US indexes with new records after the growth of energy companies

The US indexes continued their record-breaking series last week. This time, energy companies were at the center of the growth. They were backed by the Brent price rise to more than $70 a barrel.
US crude oil also saw significant growth, adding 1.6% to its value, to $64.58 a barrel or its highest level since December 2014.
A surprise drop in US oil production and a reduction in raw material stocks in the world's largest economy have helped to raise the price of "black gold."
Shares of leading US energy companies have seen significant growth, contributing to the rise in indices. Chevron shares added 3.2% to its value, and Exxon - 1.5%.
S&P energy index rose 2.2%, which was the biggest increase for more than seven months.
Otherwise, the Dow Jones Industrial Average index added 119.54 points to its value, or near 0.5% to a new record value of 25,488.67, while the broad S&P 500 rose 15 points to 2,763.29 points.
Technological Nasdaq Composite index also rose to a new record, adding more than 30 points to its value, or 0.4% to 7 182.20 points.
The US indices broke off on Wednesday a winning series of six consecutive sessions as a result of rumors that China will delay buying US government bonds.
Investors, however, have turned their attention again to the expected good results of US companies, which will come into full force very soon.


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