Wall Street on the rise with economic data and oil in the $ 50


The Dow Jones Industrial Average started the session on Thursday, May 26, to appreciate 0.17% to 17,881.57 points, accompanied by technological Nasdaq Composite that started the day advancing 0.13% to 4901.043 points.

The Standard & Poor’s 500 index opened the session to gain 0.1% to 2093.55 points. With the performances of the last two days, the major stock markets of the United States experienced the sharpest increases in nearly three months. Underpinning the positive sentiment of US investors are the latest data released on the US economy. Despite a report released on Thursday show that orders for business equipment fell unexpectedly in April, the third consecutive month, separate figures released this week showed that applications for unemployment benefits declined for the second straight week.

The trend in recent days related to the release of positive economic data suggests that the world’s largest economy is able to support a further increase in the policy interest rate in the country. Speculation around the second increase in interest rates in over five years was reinforced after a few days ago the Federal Reserve have revealed who may decide to raise the cost of money already in the meeting of June. The Fed makes that decision of the robustness of the US economy. Investors will be watching the release later this Thursday, new indicators on the sale of houses, and on Friday, consumer sentiment and GDP growth, in anticipation of a better understanding of real recovery the US economy.

On the other hand, also supporting the gains on Wall Street is the sharp rise in oil prices, which is trading above $ 50 a barrel for the first time in more than six months. Both in London and in New York, oil is up 1.03% to more than 50 dollars, this after, according to the US government, the oil reserves of the United States have fallen more than expected by analysts, and also the reserves of major producers such as Nigeria, Venezuela and Canada, have retreated.

Wall Street on the rise with economic data and oil in the $ 50
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