After a long weekend of Holy Week, the main stock indices of the united States was resumed on Monday and recorded strong gains during the opening hour.
Investors seemed to have ignored the disappointing economic data from the united States, including a sharp fall in the Manufacturing Index, falling to 5.2 in April from a two-year high of 16.4 in march.
In addition, investors also had their first chance to react before a pair of disappointing macro data us retail sales of march and the latest publications of ICC.
Meanwhile, the market seems to have largely ignored the rise of geopolitical tensions, especially after the last failed test of ballistic missiles from North Korea during the week-end, which tends to deteriorate the feelings around riskier assets.
At the time of writing this report, the Dow Jones Industrial Average rose 65 points to 20.520, while the S & P 500 Index more broad added nearly 7 points to 2.335. Meanwhile, the Nasdaq Composite has advanced around 20 points to 5.825.
Investors in equities are now preparing to report quarterly earnings this week, which would be evaluated to see if current valuations, after the rally of the election after the united States, are justified or not.