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American indexes have soared after the presidential TV debate in the USA

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American indexes have soared after the presidential TV debate in the USA

American indexes have soared after the presidential TV debate in the USA
September 28
16:00 2016

As a result of the trading session on Tuesday, the US stock indexes have risen after the results of the first television debates between presidential candidates as well as on strong statistical data, said the MarketWatch publication.

The investors have awarded the victory to the representative of the democratic camp, Hillary Clinton. According to a lot of market participants, Clinton looked more confident during the debates. She was able to force Donald Trump to defend for a long time. It should be noted that her opponent is the Republican candidate. The newspaper The Wall Street Journal has informed about this.

Diane Jaffee, Senior Portfolio Manager at TCW, said: “Investors more understand Clinton’s policy, so the stock market supports any sign of her approach to the presidency.”

Investors say that most risky assets (including securities) may be supported by Hillary Clinton’s victory in the upcoming presidential elections in the US. This effect may persist for at least a short time.

The investment manager at Aberdeen Asset Management said: “The position of Clinton is believed to be safer for the markets.”

However, analysts believe that it is too early to talk about the possible impact of the debates outcome on the process of the election campaign in the United States.

In addition, the US stock market has received the support from the statistical data on the US economy.

The research organization Conference Board, which tracks the consumer confidence index in the United States, reported on Tuesday that in September 2016 the index had risen to 104.1 points. This has been the highest level since August 2007. In August the value of the indicator was revised from 101.1 to 101.8 points. According to the information from FactSet, which interviewed the Wall Street experts, they forecast this figure declining to 99.3 points.

The collapse of oil prices (over 2.5%) in the conditions of waiting for the results of negotiations of oil producers in Algeria, has led to the decrease of securities quotations of the US oil companies.

Shares of Chesapeake Energy have fallen by 5,9%, Southwestern Energy has become cheaper by 4.2%.

Dow Jones Industrial Average has risen by 0.7%, amounting to 18,228.3 points at the close of the trading session on the market.

Standard & Poor’s 500 Index has risen by 0.6% and became equal to 2159.93.

Nasdaq Composite Index has risen by 0.9%, amounting to 5305.71 points.

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