Global Market Square
The U.S. and European markets closed mostly higher Thursday, with the Dow Jones, S&P 500 and Birling Puerto Rico Stock indexes rising and the Nasdaq slightly off. The headline news for investors were the G.D.P. numbers and the Jobs data.
U.S. G.D.P. growth of 6.4% remains on target, and the Initial jobless claims surpassed projections for the second consecutive week, reaching 404,000 versus the 425,000 expected.
There were a plethora of economic figures reported, including the following:
- U.S. Real GDP rose to 6.40%, compared to 4.30% last quarter, a 32.8% increase.
- U.S. Initial Claims for Unemployment Insurance fell to 406,000, down from 444,000 last week, dropping 8.56%.
- U.S. Personal Savings Rate rose to 21.40%, compared to 13.60%.
- U.S. Durable Goods New Orders Month-over-Month fell to -1.29%, compared to -2.18% last month.
- U.S. Durable Goods New Orders Year-over-Year rose to 45.60%, compared to 20.97% last month.
Eurozone Summary for May 27:
- Stoxx 600 closed at 446.31, up 1.09 points, or 0.24%.
- FTSE 100 closed at 7,019.67, down 7.26 points, or 0.10%
- Dax index closed at 15,406.73, down 43.99 points, or 0.28%.
Wall Street summary for May 27:
- The Dow Jones Industrial Average closed at 34,464.64, up 141.59 points, or 0.41%.
- The Standard & Poor’s 500 closed at 4,200.82, up 4.88 points, or 0.12%.
- The Nasdaq Composite Index closed at 13,736.28, down 1.72 points, or 0.01%.
- The Birling Capital Puerto Rico Stock Index closed at 2,622.89, up 31.85 points, or 1.23%.
- The U.S. Treasury 10-year note closed higher, at 1.61%.
- The U.S. Treasury 2-year note closed higher, at 0.14%.