Stock Market

On October 20, the US stock market closed in the red

Trading on Wednesday, US stock indexes ended in the red after the publication of worse-than-expected data on new housing in the US. An additional negative factor for the shares was the growth in the yield of US government bonds – the yield on 10-year securities during trading increased by 12 basis points and reached 4.13%. Investors also evaluated the quarterly reports of large companies, which mostly exceed market expectations.

The Dow Jones Industrial Average fell 99.99 points (0.33%) to 30,423.81 points. Among the components of the indicator, Home Depot Inc. (NYSE:HD) led the decline, shedding 3.4%, and Dow Inc., shedding 2.7%. Among the leaders of growth were papers of the insurance company Travelers Cos., which also published a strong quarterly report (+4.4%), and Chevron Corp (NYSE:CVX). (+3.2%).

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In the US, the number of homes started in September fell 8.1% from the previous month to 1.439 million on an annualized basis, the country’s Commerce Department said in a statement.

In August, according to revised data, the number of new buildings amounted to 1.566 million, and not 1.575 million, as previously announced.

Experts predicted a decline in the index by 6.4% from the previously announced August level – to 1.475 million, according to Trading Economics.

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