Risk-on mood pushes the Dow 1% higher

Published: May 27 2023, 09:36 GMT+0

Risk-on mood pushes the Dow 1% higher

A quick look at yesterday: after finishing Thursday at 32,765, Dow Jones went up to 33,162 before paring its losses and closing at 33,100.

Nevertheless, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

The Dow Jones shows positive signs, other assets are also on par: Nasdaq went up by 2.19% yesterday, and closed at 12,976. S&P 500 added 1.3% and closed around 4,151.28 yesterday.

At the same time, Hang Seng dips 1.93% yesterday and closed at 19,100.

The Dow Jones hit a significant low of 28,726 around 7 months ago, but has since recovered 14.06%.