Reported 3 days ago
In May, the S&P 500 and Nasdaq Composite had their strongest month since November 2023, rising by 6.2% and 9.6% respectively, driven by promising trade agreements, robust earnings, and a resilient economy. Optimism grew as initial employment data indicated economic stability, and a U.S.-China tariff reduction bolstered stock prices. Notably, major tech stocks performed well, especially in the AI sector, while healthcare faced challenges with notable declines in companies like UnitedHealth Group and Eli Lilly.
Source: YAHOO