Sunday, 1 January 2017

US Stock markets closed the year with profits

US markets closed with minor losses on Thursday as investors decided to refrain from cardinal decisions during the weaker trading shortly before the upcoming holidays and the long weekend.

All three major indexes recorded strong monthly gains and the growth throughout 2016 is expected to be impressive.

"The markets already have made very good progress, as S&P 500 is up by 10 percent, and too small traded volumes of recent days are proof that there are no major market participants, which would cause some radical changes", said Michael Antonelli, broker at Robert W. Baird & Co.

Shortly after hitting the bell for the start of trading on Friday indices remained almost unchanged despite mixed economic data.


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