Daily market review – August 2nd 2017

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The Wall Street markets closed in a positive direction yesterday led by Blue Chip shares, and the Dow Jones Industrial Average continued to hit record highs after positive US financial reports,which eased the impact of disappointing macroeconomic data.

The Dow Jones Industrial Average rose by 0.3%, closing at a record high for the fifth day in a row.
The S&P 500 Index (-2,476.35 + 0.24%) and the NASDAQ (+6362.94 + 0.23%) climbed by 0.2%.

US private consumption rose in June by the most moderate pace in five months, and inflation remained below the Fed’s target, according to data released by the US Department of Commerce.
The Manufacturing Activity Index retreated to 56.3 points in July from 57.8 in June. The ISM study US construction spending fell in June by 1.3%.

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