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

Published: May 27 2023, 04:26 GMT+0

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

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

Nevertheless, 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%.

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.

Other markets are also showing gains as Nasdaq is trading around 12,976 after ending yesterday's session at 12,700 (up 2.19% today). CAC goes up 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. The S&P is up 16.05% from the significant low of 3,577 it hit 7 months ago.