Major US stock indexes finished trading in negative territory

Major US stock indexes completed the session in negative territory. Pressures on the indices were reported by ABC News that former US national security adviser Michael Flynn acknowledged the blame for giving false testimony to the FBI.

ABC News said that former US presidential adviser Michael Flynn is ready to testify against Trump, who sent him to negotiate with the Russians. According to ABC, Flynn promised “all-round cooperation with the team of special prosecutor Robert Mueller” and is ready to testify that as a candidate, Trump “instructed him to come into contact with the Russians.”

Meanwhile, the fall of the market limited positive data on the US. The report, published by SM, showed that in November the activity in the US manufacturing sector decreased more than forecasted. The PMI index for the manufacturing sector in November was 58.2 points against 58.7 points in October. Analysts had expected that the figure would drop only to 58.4 points.

At the same time, construction costs in the US increased in October much more than expected, helped by the increase in spending on public construction projects, and the first increase in four months in private investments. Expenses for construction grew by 1.4 percent, reaching $ 1.24 trillion, and fixing the largest increase in the last five months. Economists predicted that construction costs would increase by only 0.5% after rising 0.3% in September. Meanwhile, in annual terms, construction costs increased by 2.9%.

Most components of the DOW index recorded a rise (19 out of 30). Leader of the growth were shares of Merck & Co., Inc. (MRK, + 0.95%). Outsider were shares of General Electric Company (GE, -1.91%).

Almost all sectors of S & P finished trading in the red. The largest decline was registered in the industrial goods sector (-1.1%). Only the raw materials sector grew (+ 0.5%).

At closing:

Dow -0.17% 24.231.59 -40.76

Nasdaq -0.38% 6,847.59 -26.39

S & P -0.20% 2,642.22 -5.36