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US Stock Indexes Decline On Domestic Statistics

US Stock Indexes Decline On Domestic Statistics

Major US stock markets are declining on Wednesday. Traders are evaluating statistics on business activity in the country, paying attention to corporate news, according to trading data.

As of 18.09 GMT, the Dow Jones Industrial Average (DJIA) was down 0.01% to 27287.77 points, the NASDAQ high — tech index was down 0.58% to 10900.19 points, and the S&P 500 broad market index was down 0.27% to 3306.59 points.

Earlier on Wednesday, the research organization Markit Economics reported data on business activity in the United States. Thus, the composite business activity index (PMI) in September, according to preliminary estimates, fell to 54.4 points from 54.6 points in August. The PMI in the service sector fell to 54.6 points in the reporting month against the August estimate of 55 points; the forecast was 54.7 points. At the same time, the PMI in industry rose to 53.5 points from 53.1 points, although the indicator was expected to remain unchanged.

They affect trading and company news. In the course of trading, the securities of the American sportswear manufacturer Nike are growing in price by 8.8% after the publication of quarterly reports. At the end of the first quarter, Nike increased its net profit by 11% year-on-year. Shares of Johnson & Johnson are rising by 1.5%. Earlier, the company announced that it had started the third phase of clinical trials of its coronavirus vaccine.

Tesla shares are down 6.2% after the company's CEO's speech on Battery Day. At the event, Elon Musk promised that in three years, Tesla would produce self-driving cars worth 25 thousand dollars. Such statements did not meet the expectations of investors.

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