US stock market shrinks

In anticipation of the publication of the results of the two-day meeting of the US Federal Reserve System and the release of corporate results of IT giants, the main American stock indices had mostly negative dynamics, Report informs.

After the market closed, quarterly results were provided by Alphabet (-0.8%) and Microsoft (+0.2%).

If shares of Microsoft in extended trading on April 27 were down 2.6 percent, the shares of the leading search engine Alphabet (Google) added 4.3 percent. On April 28, after the close of trading, the market will have to digest the reports of Apple (-0.2%) and Facebook (+0.2%).

Brent crude rose 1.2 percent on April 27 to $66.4 per barrel. The participants in the OPEC+ deal decided to keep the previous agreements on the planned increase in oil production by 350,000 barrels per day starting from May 1. The cartel and its allies are convinced that the COVID-19 outbreak in India will not negatively impact energy demand in the long term.