- Nasdaq closed the day with a 2.43% increase.
- Bitcoin is trading above $29,500.
- Amazon shares rose more than 7%.
Lower-than-expected US growth data did not have a negative impact on the markets. US stock markets and Bitcoin are progressing positively.
US Stock Markets Positive, Investors Happy
Today, the announcement that US Q1 2023 growth data was 1.1%, below the expected 2%, did not create a negative atmosphere in the US stock markets. The markets started the day positively and continued to rise throughout the day.
Along with the US growth data, the Dollar Index, which experienced a 0.40% increase, fell to 101.486, losing most of its daily gains before the stock market closed.
Before the stock market closed, Bitcoin price also climbed above $29,800, following the positive trend. At the time of writing, Bitcoin is trading at $29,600.
US Stock Markets Closed
S&P500: +1.95%
Nasdaq: +2.43%
Dow: +1.58%#SP500 #NASDAQ #DOW— CO NEWS (@coinotag) April 27, 2023
The S&P500 recorded an increase of approximately 2%. Nasdaq closed the day with a 2.54% increase, while the Dow Jones ended the day with a 1.58% increase. After the market closed, some major companies announced their earnings reports.
Amazon: E-commerce giant Amazon announced a profit of $127.4 billion in Q1 of the year, exceeding the expected $124.5 billion. After the market closed, AMZN shares rose more than 7% to reach $118.
Mastercard: Payment company Mastercard announced a profit of $5.7 billion in Q1 of the year, below the expected $6.64 billion. After the market closed, MA shares remained stable at around $373.
