Monday 9 April 2018

Bulls had to moderate the heat in the US trading session

On Monday, April 9, the key stock indexes of the United States of America completed trading in positive territory due to the easing of tensions between China and the United States. Last weekend a number of high-ranking officials of the American government spoke out about the situation with China, while the tone of their statements softened, which somewhat calmed investors. In particular, the US Treasury Secretary Stephen Mnuchin noted that the government intends to continue discussion of the disputable issues with China.
Nevertheless, under the curtain of the trades, optimism has faded away, and the news was that the Federal Security Service conducted searches in the office of Michael Cohen, Donald Trump's personal lawyer. It is reported that the Federal Reserve Bank seized personal correspondence between Cohen and his clients, as well as tax documents and commercial documentation.
An important macroeconomic statistics was not published on Monday. Following the auction, the blue chip indicator Dow Jones Industrial Average advanced 0.19% to close at 23979.10 points, the broader S & P 500 index went up by 0.33% to a level of 2,613.16 points, and the index high-tech companies Nasdaq grew by 0.51% to a mark of 6950.34 points.


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