Reported 4 months ago
The Dow Jones Industrial Average jumped 575 points on the last trading day of May, finishing strong for the month alongside other US averages. April's PCE inflation data met expectations, sparking discussions about the possibility of higher interest rates persisting. Yahoo Finance Markets Reporter Josh Schafer provided insights on the market takeaways for May 31, noting the tech trade's pause and the impact of recent earnings releases on the market. Additionally, the article discussed the importance of breadth in market performance and how shifts in fed policy and inflation data could influence future market trends.
Source: YAHOO