At Wall Street, yesterday, the last day of the third quarter, the prices of the stock rose, although of half the Semdica of the American Federal Service would temporarily stop working because the Congress was reached in agreement on their financing.
Dow Jones strengthened 0.18 percent, at 46,397 points, while the S & P 500 rose 0.41 percent, to 6,688 points, and NASDAQ index 0.31 percent, to 22,660 points.
Closing the federal services affects economic reports
Republican and Democratic MPs in Congress have not reached the agreement on the further financing of federal services, so most of these services will temporarily stop working on Wednesday.
It is not known until the services will remain closed, but that means that this week there will be no economic reports that investors expected. Among others, a report on employment in the United States will not be published, which usually affects markets significantly, which should have been published on Friday.
“If the cessation of the federal services arises and if it lasts, a series of macroeconomic reports will not be published, so the investors will remain deprived of information on which they normally trade,” says Mark Luschini, Strategist in Janney Montgomery Scott.
Pfizer growth after a trump agreement
Among the 11 most important sectors of the S & P 500 indexes, the most yesterday rose shares in the health, 2.45 percent, transmits index HR.
The largest winner was the share of Pfizer, with a price growth for more than 6.5 percent, after the US President Donald Trump said the Pfizer would lower the price of all prescription for low incomes, and new drugs will also sell. Thanks to that agreement, Pfizer will be exempt from import duties.
Strong growth in the third trimester
After yesterday’s growth, the S & P 500 index recorded a 3.5 percent win in the entire September.
Throughout the third quarter, this index, on the other hand, increased by 7.8 percent, while Dow Jones strengthened 5.2, and NASDAQ 11.2 percent.
Such a strong index growth is mostly thanked by the Uvjers that the US Central Bank will continue to reduce interest rates, which should support the growth of the economy.
Growth and in European stock exchanges
And on European stock exchanges, shares rose yesterday. The London FTSE index strengthened 0.54 percent, to 9,350 points, while Frankfurt Dax increased by 0.57 percent, to 23,880 points, and the Paris CAC 0.19 percent, at 7,895 points.
