Risk-on mood pushes the S&P 1.3% higher

Published: May 26 2023, 22:16 GMT+0

Risk-on mood pushes the S&P 1.3% higher

A quick look at today: the S&P 500 went up to 4,205.45 today, gaining 1.3%.

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%. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

The S&P 500 shows positive signs, other assets are also on par: Nasdaq went up by 2.19% today, and closed at 12,976. CAC climbs 1.24% today and closed at 7,229.27.

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

The index has been trending positively for about 2 months. The S&P hit a significant low of 3,577 around 7 months ago, but has since recovered 16.05%.