Bullish mood lifts United Parcel Service to session high of $172.08

Yesterday at a glance: the supply chain management company went up to $171.23, gaining 2.09%.

United Parcel Service's uptick comes amid good United States macroeconomic data released during the day — United States GDP released yesterday at 12:30 UTC is better than expected at 1.3 but down from preceding data of 2.6 according to new data. Data from United States concerning Initial Jobless Claims was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 225,000 to 229,000 this month.

On the flip side, United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

A look at other industrials stocks also showed bullish price action as Boeing traded at $200.87 after closing yesterday's trading day at $199.27 (up 0.8%). Union Pacific traded at $193.21 after closing yesterday's trading day at $191.91 (up 0.68%).

While United Parcel Service was bullish yesterday, the following industrials stocks underperformed: Lockheed Martin lost 2.18% yesterday and closed at $442.83.

Also worthy of note, projections for United States Core Durable Goods Orders are set for a continuation of decline with 0% while previous data was 0.3%; data will be released today at 12:30 UTC.

The market is looking forward to the release of new data: United States Core PCE Price Index (MoM) (Apr) scheduled to come out today at 12:30 UTC.

The supply chain manager reached a significant high of $208.43 around 9 months ago but has lost 19.53% since then.