After three sombre days of declines, was up 2.03% today

Published: May 26 2023, 22:25 GMT+0

After three sombre days of declines, was up 2.03% today

A quick look at today: after closing yesterday at $32.44, Inc. closed at $33.1 today after climbing to $33.4 and dropping back down.

On the flip side, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%. United States Pending Home Sales released earlier showed a marked improvement to 0% from the preceding data of -5.2%, but fell short of the 0.5% figure forecast by a consensus of market analysts.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

This rally in's share price coincided with other consumer discretionary stocks as Amazon gained 4.44%, as it traded at $120.11. Tesla added 4.72% to its value, and traded at $193.17. Lowe's traded at $206.52 after closing today's trading day at $201.04 (up 2.73%).

This year has been a gloomy one for the Chinese e-commerce company after trading as high as $66.47 and going on to lose 43.72% of its value.