Risk-on mood pushes the Dow 1% higher

Published: May 27 2023, 02:06 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.

On the flip side, 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) 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.

The Dow Jones shows positive signs, other assets are also on par: Nasdaq added 2.19% and closed around 12,700 yesterday. S&P 500 improves 1.3% yesterday and closed at 4,151.28.

Meanwhile, Hang Seng lost 1.93% yesterday and closed at 19,100.

7 months ago, the Dow Jones fell to a low of 28,726 but has since recovered 14.06%.