The US stock markets closed the first session of the week with increases despite the ongoing global political instability. The trade was supported by the economic data from the country, which showed stronger than expected growth in retail sales. The blue chip index Dow Jones Industrial Average rose with 0.89% to 16,169.00 points. The wide benchmark S&P 500 added 0.66% to a value of 1,823.65 points, while the technology Nasdaq Composite closed with a growth of 0.68% to 3,467.40 points.
Following the reported 22% growth during the last week, the fear index VIX, known officially as the CBOE Volatility Index, fell with 0.46% to 16.57 points. The index is a leading measure of uncertainty among the investors. The lack of a strong jump in VIX shows that there is not much panic on Wall Street and investors are looking for good options for their money.
Earlier in the day the Ministry of Commerce revealed the data for retail sales in March. The trade expanded with the rapid pace in the past year and a half, signaling that the economy comes out of hibernation and is set to accelerate in the second quarter. The retail trade in the largest economy in the world rise with 1.1% in March, as the increase was the largest since September 2012.
Meanwhile the quarterly profit of Citigroup Inc rose unexpectedly, as the net profit of the investment bank rose with 3.5% to 3.94 billion USD. Data for the period surprised the analysts after the financial institution was able to recover the funds set aside as provisions for bad loans.
The USD improved its positions against the major currencies. The yields on 10-year government bonds used in the formation of interest rates on mortgages and other consumer loans, added two basis points to 2.644%. The investment gold with June delivery rose to 1,326.70 USD per ounce, while the WTI crude oil prices fell to 103.61 USD per barrel.