Risk-on mood pushes the Dow Jones 1% higher

Published: May 27 2023, 04:40 GMT+0

Risk-on mood pushes the Dow Jones 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, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

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 is trading around 12,976 after ending yesterday's session at 12,700 (up 2.19% today). S&P 500 went up by 1.3% yesterday, and closed at 4,205.45.

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

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