Wall Street ended the session with minor changes in the overall negative led by the financial sector
US stocks ended the third trading session of the week after missing on Monday due to Columbus's red holiday near its all-time high with financial sector leaders and AT & T's losses on Wall Street amidst the unveiling season On the business results of the largest American companies and banks, which is the nerve of the largest economy in the world.
The US economy reported the weekly reading of the index of aid applications, which showed a drop in excess of expectations in conjunction with the reading of the Producer Price Index, which is a preliminary index of inflationary pressures, which showed growth of 0.4% in line with expectations in September, as indicated by the core reading of the index Itself accelerated to 0.4%, beating expectations.
We also followed the largest economy in the world US Treasury Secretary Stephen Menoch said that the tax reform plans aimed at reducing the tax on the average income, stressing his confidence in the implementation of these plans, explaining that US President Donald Trump wants to reduce corporate taxes to 20% to enhance the respiratory capacity of American businesses.
Minoch said a final decision on who will be the next Fed governor has yet to be made, adding that Trump will focus on the Fed portfolio by next month, adding that he did not mention who the potential candidates are.
This came before the Federal Committee member Lyle Brenner's discussion of the proceedings of the panel discussion on monetary policy at the Peterson Institute for International Economics in Washington in conjunction with the Federal Committee member Jerome Powell, entitled "Prospects of the economics of emerging markets in the normalization of the global economy" as part of the annual meeting of the Institute International funding is also in Washington.
To the signing of US President Donald Trump on a new resolution on the health care project known as "Opamakir" The decision is aimed at reducing regulatory actions and allows small businesses to form alliances, before Trump confirms that there will be a huge tax cuts and multiple options for the American consumer .
The Dow Jones Industrial Average closed 0.14% lower at 31.88 points at 22,841.01 points. The Standard & Poor's 500 Index shed 0.17% or 4.31 points to close at 2,550.93 points, while the Nasdaq Composite Index shed 0.18% Or about 12.04 to close at levels of 6,591.51 points.
Gold futures for December delivery rose 0.51% to currently trade at $ 1,295.50 per ounce compared to the opening at $ 1,288.90 per ounce, while the dollar index rose 0.08% to 93.09 compared to the opening at 93.01.
On the other hand, crude oil futures for November delivery fell 1.21% to trade at $ 50.68 per barrel compared to the opening at $ 51.30 per barrel. Brent crude futures for December 15 delivery Up 0.98% currently trading at $ 56.38 per barrel compared to the opening price of $ 56.94 per barrel.
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