© Reuters.
Investing.com – The US market started its first trading day of the week after the release of the durable goods data, which was mixed, but the market rose strongly immediately after its release.
and landing
The US dollar fell below the 105 level immediately after the release of data that revealed the growth of basic durable goods orders monthly for January by 0.7%, which is higher than expectations of 0.1%, but the data also revealed a contraction of main durable goods orders by -4.5% compared to expectations -4%. And that after its growth in the previous reading by 5.1% after revision. This drop in main durable goods orders on a monthly basis is the largest since April 2020. It increased by 0.39%, to record 1.0587.
Now..up again
Gold rose, taking advantage of the dollar’s decline against a basket of foreign currencies, to record futures contracts now at $ 1822.35 an ounce, up 0.29%, while spot contracts recorded $ 1815.8 an ounce, up 0.23%, after falling to the lowest point in 2023 at the beginning of the session.
Futures are still trading below $21, at 20.793, down by 0.68%.
American market
The main indices of the US market are recording collective increases, as it rose by 1.02%, to record 11509.21 points, while Jones rose by 0.74%, to record 33061.25 points, adding 244.33 at the beginning of the day’s trading. It rose by 0.79% to regain the 4000 levels, specifically at 4001.8 points now.
The most important ups and downs in the S&P 500
Oil is falling sharply
It is now declining by 1.30%, to record $75.35 a barrel, at a time when it has fallen to $81.88, a decrease of 1.13%.
