Goldman Sachs closes at $332 after gaining 2.51%

Published: May 26 2023, 21:25 GMT+0

Goldman Sachs closes at $332 after gaining 2.51%

A quick look at today: Goldman Sachs ended yesterday at $323.88. today it went up to $332.87 only to drop back, yet still managed to close at $332.

Goldman Sachs's uptick comes amid disappointing United States macroeconomic data released during the session – United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. 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.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

This rally in Goldman Sachs's share price coincided with other financials stocks as American Express added 4.08% to its value, and traded at $157.24. The Blackstone Group Inc. traded at $85.7 after closing today's trading day at $83.53 (up 2.6%). Royal Bank Of Canada traded at $90.41 after closing today's trading day at $89.1 (up 1.47%).

Pointing downwards for around a month. The investment banking giant is now trading 11% below its 3-month high of $388.86.

Back