US Markets End the Day Strongly in Green on the Back of Consumer Confidence Surprise

US markets ended the day strongly in green yesterday, 27^th May, 2025. Nasdaq closed the day, up by 461.96 points or 2.47%. S&P 500 ended the day up by 118.72 points or 2.05%. Dow Jones ended the day up by 740.58 points or 1.78%.

May US Consumer Confidence Data Jumps to 98

US markets gained as consumer confidence data for May increased to 98 from 87 in April. This sharp increase was unexpected. Markets also got a boost from the softening of President Trump’s stand on tariffs and international trade. He has deferred the 50% tariff on imports from EU till 9^th July.

Asian markets have opened on a mixed note today. Nikkei 225 is up by 194.75 points or 0.52%. Hang Seng index is down by 124.23 points or 0.53%. Shanghai Composite is up by 0.79 points or 0.024%. South Korean Kospi is up by 51.18 points or 1.94%.

Indian markets closed the day in red yesterday. Nifty 50 ended the day, down by 174.95 points or 0.70%. Sensex ended the day, down by 624.82 points or 0.76%. Indian markets saw profit booking yesterday after the gains of the previous two days.

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Source: Dow Jones