US Indices Started The Day With Record Highs

US indices started the day with record highs. Unemployment benefits and retail sales data reflected positively on stock markets.

In the USA, weekly unemployment benefits and retail sales data, which were better than expectations, led the stock markets to open at record levels. The S&P 500 index reached an all-time high with 0.7 percent gain in value led by health and technology shares. Despite better predicted profit figures of Bank of America and Citigroup, financial stocks depreciated with the decline in bond yields. The 10-year US bond yield declined to the lowest in nearly a month. The Nasdaq Composite Index increased by 1 percent, while the Dow Jones index reached a record with an increase of 0.7 percent. Strong economic recovery prospects and optimism about financial incentives played a major role in the appreciation of stocks. In addition, the Stoxx 600 index in Europe today broke a record with an increase of 0.5 percent. According to the data released today in the USA, unemployment pension applications fell to the lowest level since the epidemic last week. Retail sales, on the other hand, showed the biggest increase since May. Industrial production also increased in March.