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

Published: May 27 2023, 09:21 GMT+0

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

Yesterday at a glance: with a daily low of 4,156, S&P 500 closed yesterday at 4,205.45, after ending Thursday at 4,151.28 and gaining 54.17 points (1.3%).

Nevertheless, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

At the same time, 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 500 shows positive signs, other assets are also on par: Nasdaq rises 2.19% yesterday and closed at 12,700. CAC goes up 1.24% yesterday and closed at 7,229.27.

Meanwhile, Hang Seng lost 1.93% yesterday and closed at 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 500 is trading 16.05% higher.