The Nasdaq retreats 24.31 points from 9 months high

Published: May 26 2023, 23:51 GMT+0

The Nasdaq retreats 24.31 points from 9 months high

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

Nevertheless, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. United States Pending Home Sales fell short of the 0.5% projections, with new data of 0%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

The Nasdaq shows positive signs, other assets are also on par: S&P 500 went up by 1.3% today, and closed at 4,205.45. CAC is trading around 7,319.18 after ending today's session at 7,229.27 (up 1.24% today).

Meanwhile, Hang Seng falls 1.93% today 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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