Wall Street starts with indexes posting slight gains
According to Millenium market analyst Ramiro Loureiro, “Wall Street is off to a strong start, driven by the release of strong data on durable goods orders in the US in May, with surprising growth in items that reveal business investment in equipment and even unexpected growth in shipments, an important metric in calculating government GDP”.
The New York Stock Exchange opened Thursday's session in positive territory, with the main indexes recording slight gains.
Thus, the Dow Jones added 0.48%, reaching 43,190.14 points, the S&P 500 gained 0.34%, reaching 6,112.75 points, and the technological Nasdaq appreciated 0.17%, standing at 20,007.42 points.
According to Millennium market analyst Ramiro Loureiro, “Wall Street is off to a strong start, driven by the release of strong data on durable goods orders in the US in May, with surprising growth in items that reveal business investment in equipment and even unexpected growth in shipments, an important metric in calculating government GDP”.
“The US labor market is also looking robust, with unemployment benefit claims falling last week. First-quarter GDP figures pointed to a sharper contraction in the first three months of the year, but investors are already looking ahead to the current quarter,” the expert said.
In the business world, the analyst highlighted that “Micron Technology’s good accounts are one of the highlights. McCormick showed results and projections above expectations. Incyte is excited about the announcement of a new CEO. Conversely, TradeDesk is feeling pressure from a downgrade.”
jornaleconomico
