The US stock market closed multidirectionally

Trading on the stock exchanges in the US on March 24 ended in different directions, according to the data of the exchanges.
The Dow Jones index fell by 0.29% to 20596.72 points.
The S&P 500 index lost 0.08% – to 2343.98 points.
The index of the electronic exchange NASDAQ increased by 0.19% – to 5828.74 points.

So, if Congress still votes for the abolition of Obamacare, US stock indices can get a new impetus for growth for almost the entire coming week. The fact is that now the outcome of the vote is an indicator of how the further initiatives of the US President will be taken. Let us remind, Trump announced both tax reform and new infrastructure projects.

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In addition, final data on the growth rate of the US economy in the fourth quarter may also have an impact. If the indicator is slightly below the preliminary estimate, after a short-term fall, the S&P 500 (ES) can easily resume growth in the 2400 area. It will be supported by expectations that the next rate increase by the US Federal Reserve will not be earlier than Q3 2017.

Warning: Profitability in the past does not mean profitability in the future. Any forecasts are informational in nature and do not guarantee a result.

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