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US stocks rise in hope of global economic recovery


May, 05 2020
watermark Economic news

According to trading data, the main US indices are growing amid the emergence of prospects for the recovery of the global economy after the crisis caused by the coronavirus pandemic. Traders evaluate the news of the gradual lifting of quarantine measures in a number of countries, in particular in Italy.


Thus, the Dow Jones Industrial Average (DJIA) index grew by 1.27% – up to 24050.99 points, the index of high-tech companies NASDAQ – by 1.44%, up to 8836.43 points, the S&P500 wide market index increased by 1, 29%, up to 2879.55 points.


An additional factor of optimism on the exchanges is also the restoration of the oil market. Today, the price of Brent grade has reached $30.30, and WTI crude oil – $24 per barrel.


However, pressure on the US stock market had data on the US trade deficit. In March, the figure rose to $ 44.4 billion, turning out to be worse than the forecast of $ 44 billion.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.