The Dow Jones index of Industriales rose 1.78% to 42,343.65 points this Tuesday, May 27; The S&P500 won 2.04% to 5,921.01 points and Nasdaq Composite showed 2.47% to 19,199.16 points.
Consumer confidence records its greatest increase in four years.
The Consumer trust experienced a great advance in Maylargely driven by the renewed optimism around economic conditions and even more by the commercial agreement between the US and China announced in the middle of the month.
According to The Conference Board, the consumer confidence index rose 12.3 points, up to 98.0, exceeding 87.1 expectations. This strong increase was driven by improvements both in the short -term perspectives of consumers (reflected in the Expectations Index, which rose 17.4 points to 72.8) and in the perception of the current conditions, with the current situation index uploading 4.8 points, up to 135.9.
Senior economist Stephanie Guichard said that consumer’s confidence was already improving before the commercial agreement, but accelerated after its closure, which highlights the positive impact of it.
In addition, trust was reinforced after Trump declared last Sunday night, that he had agreed to postpone until July 9 his recent 50% tariff proposal on EU products, after a call with the president of the block, Ursula von der Leyen.
The president also said that his administration will begin serious commercial conversations with the EU, while Von der Leyen highlighted the improvement of relations with Washington.
The requests for durable goods fell
The last radical turn of the US president over the EU tariffs reinforces the unpredictability of its commercial policies and undermines the already fragile confidence of investors in the US economy.
An example of this uncertainty were the orders of the requests for durable goods manufactured in the North American country that collapsed in April, after the strong increases of the previous month.
The requests for durable goods (designed to last three years or more) fell 6.3% Last month after a considerable revised increase of 7.6% in March, as the Office of the Census of the Department of Commerce reported Tuesday.
The most outstanding actions of Wall Street
The actions of the great technological promoted the upward market, with Nvidia rising more than 2% before the publication of its quarterly results on Wednesday after the closure of the market.
The company is considered a benchmark for the global AI demand, especially in the chips manufacturing sector, and experienced a significant increase in valuation in the last two years in this position.
Nvidia is expected to present extraordinary benefits, especially because the so -called IA hyperscaders of Wall Street (its main clients), continued to invest strongly in the mega company, during the last three months.
On the other hand, the actions of Southwest Airlines They rose 5.5% after the airline announced that it will charge customers US $ 35 for an invoiced YU $ S45 suitcase for the second, ending its free luggage policy.
The actions of Salesforce They advanced 1.2% after the Wall Street Journal reported that the software company is about to reach an agreement to acquire the computer company, an operation valued at approximately US $ 8,000 million.
Besides, Tesla He climbed more than 6% after the statement of its executive director Elon Musk, who said he would be “super concentrated in Xai and Tesla (in addition to Starship’s launch next week), since we are implementing critical technologies.” The statements helped restore confidence in Musk’s leadership, amid the concern that his role within the Trump administration was taking too much prominence in companies.
Coreweave Inc It rose more than 19%, ignoring a reduction of Barclays to “Equalweight”, claiming the concern for “a limited horny potential in the short term”, given the rebound of the action after its IPO.
The figures of the service management company Ti okta They will be published after the market closure on Tuesday.
The quarterly results season has practically come to an end, with more than 95% of the companies of the S&P 500 who presented their results and almost 78% that exceeded the expectations of analysts.
Source: Ambito
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