Dow unleash the bull in the market

U.S stock market run a bullish move today and look to secure sixth consecutive bullish close. At the current time, Dow Jones Industrial Averages up 197.78 points (+0.81%), Nasdaq composite up 56.45 points (+0.77%), S&P 500 up 23.11 points (+0.86%).

The CPI and core CPI data released today show a number below projection. Monthly CPI come out at 0.2% vs. 0.3% expectation. Core CPI come out at 0.1% vs. 0.2% expectation. The number suggests the economy is progressing under healthy development and not running too hot which need The Fed to increase interest-rate faster.

Unemployment claims also show better than the expected number with 211k benefit claimer vs. 219k expected.

Bank of England holds interest-rate steady

BOE continue to hold interest-rate at 0.5% level which is in line with expectation. However, the bank lowered growth forecast from 1.8% in February to 1.4% noting the economy disrupted by bad weather in March. Although the outlook sour, Mark Carney still convinced the interest-rate likely would increase this year.

Apple Inc (NASDAQ: AAPL) soared 1.4% hitting record high

The share prices of AAPL is on the run, and the bull is not letting the bear enter the market. The upward movement caused by the revelation that Berkshire Hathaway, Warren Buffet’s investment company hoarded 75 million shares of AAPL in the first quarter. Moreover, Apple announces $100 billion shares repurchase which pour more fuel to AAPL share prices.

Other markets

Gold climbed $8.10 (+0.62%) to $1,321.10, Crude oil up $0.29 (+0.41%) to $71.43.

Asian stock market closed mostly higher. Nikkei up 88.30 points (+0.39%) to 22,497.18, Shanghai Composite up 16.02 points (+0.51%) to 3,175.17, Australia ASX 200 up 10.70 points (+0.18%) to 6,118.70.

European stock market also closed higher. DAX Germany up 0.62%, FTSE UK up 0.50%, and Euro STOXX 600 down 0.12%.