Reported 1 day ago
US stocks dipped on Friday, driven by heightened uncertainty over President Trump's tariffs on China and a cooling of inflation pressures, as indicated by the Personal Consumption Expenditures (PCE) index. The S&P 500 fell by 0.4%, and the Nasdaq Composite declined by about 0.7%, while the Dow Jones decreased by 0.2%. Despite these movements, the S&P 500 is nearing a 6% gain for May, boosted by recovering tech stocks, although investor sentiment remains cautious amid ongoing trade disputes.
Source: YAHOO