Risk-on mood pushes the S&P 500 1.3% higher

Published: May 27 2023, 05:10 GMT+0

Risk-on mood pushes the S&P 500 1.3% higher

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

On the flip side, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

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 S&P shows positive signs, other assets are also on par: Nasdaq increases 2.19% yesterday and closed at 12,700. CAC improves 1.24% yesterday and closed at 7,229.27.

Meanwhile, Hang Seng is down to 18,747, losing 353.08 points, after ending the previous session around 19,100.

The index has been trending positively for about 2 months. Having set a significant low of 3,577 7 months ago, the S&P is trading 16.05% higher.