The Nasdaq retracted 24.31 points from 9 months high and trades at 12,976

Published: May 27 2023, 01:10 GMT+0

The Nasdaq retracted 24.31 points from 9 months high and trades at 12,976

After ending Thursday at 12,700, Nasdaq rallied to 13,000 yesterday, hitting its highest point in 9 months. It later lost 24.31 points and closed at 12,976.

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%.

At the same time, 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 came out at 193,100.

The Nasdaq shows positive signs, other assets are also on par: S&P 500 added 1.3% and closed around 4,151.28 yesterday. CAC rises 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. The Nasdaq has gained 25.61% since its lowest print of 10,200 earlier this year.

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