US closes higher despite disappointing data

Thursday, 26. May 2022 22:02

Major stock market indexes in the United Stated jumped on the closing bell despite disappointing data on Thursday, as the National Association of Realtors announced that pending home sales in the United States declined more than expected 3.9% in April compared to the previous month, while the US gross domestic product (GDP) decreased 1.5% on an annual basis. Baidu Inc. announced on Thursday that its total revenue hit 28.4 billion yuan ($4.48 billion) in the first quarter of 2022, up by 1% compared to the same period a year ago.

The Dow Jones jumped 1.61% or 518 points at the closing bell with the Boeing Company gaining 4.65%. The Nasdaq rose by 2.79% or 332 points, with Dollar Tree climbing another 21.87%. The S&P500 gained 1.99%. The euro was 0.33% higher against the dollar, selling at $1.07228 at 3:59 pm ET.

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