Stock investors were all smiles today following the encouraging performance of the United States market which saw the S&P 500 and Nasdaq close at their highest levels since April 2022.
In the New York session, the S&P 500 strengthened at 4,338.92 following a rise of 0.93%, while the Nasdaq Composite rose 1.76% to 14,784.30 and the Dow Jones Industrial to 34,066.34 after rising 0.56%.
While the US30 index strengthened at around 34,077 during the Asian session.
The S&P 500 index has now recovered 21% from October 2022 lows, thanks to gains in market heavyweights Amazon, Apple and Tesla.
In fact, some investors also see Wall Street as being in the middle of an uptrend.
Investors are now looking forward to the next catalyst from the US inflation data in the upcoming New York session which is expected to continue to show a decrease in May to 4.1% following the previous increase of 4.9%.
The published figures will not only be a driving force for the market but also provide an indication of the outcome of the FOMC policy meeting early Thursday morning.
Meanwhile, Oracle jumped 3.5% in extended trade following its upbeat earnings report for its fiscal fourth quarter, jumping 17% year over year in the quarter ended May 31.
