Reuters ended yesterday at $124.3, a 0.91% increase

Published: May 27 2023, 03:11 GMT+0

Reuters ended yesterday at $124.3, a 0.91% increase

Yesterday at a glance: pronounced bullish sentiment in the market helped the news service provider to make a notable 0.91% gain yesterday, rising $1.12 and ultimately closing at $124.3.

Reuters's uptick comes amid disappointing United States macroeconomic data released during the session – highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

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. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

This rally in Reuters's share price coincided with other industrials stocks as Lockheed Martin added 1.27% to its value, and traded at $448.45. Boeing traded at $203.63 after closing yesterday's trading day at $200.87 (up 1.37%). General Electric was up 1.2%.

Having soared to a high of $132.75 approximately a month ago, the news service provider is now trading 7.21% lower.