The Nasdaq rallied beyond 13,000 for the first time in 9 months

Published: May 27 2023, 08:56 GMT+0

The Nasdaq rallied beyond 13,000 for the first time in 9 months

Nasdaq rallied to 13,000, hitting its highest point in 9 months; it later lost 24.31 points and closed at 12,976.

Nevertheless, 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) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 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 Nasdaq shows positive signs, other assets are also on par: S&P 500 went up by 1.3% yesterday, and closed at 4,205.45. CAC added 1.24% and closed around 7,229.27 yesterday.

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

The index has been trending positively for about 2 months. This year has been a bright one for the Nasdaq after trading as low as 10,200 and going on to appreciate by 25.61% year to date.

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