Reported 4 months ago
In May, Wall Street finished strong with stocks rallying after an inflation report showed stable inflation levels. The S&P 500 closed its sixth winning month of the last seven, hitting an all-time high, while the Dow Jones Industrial Average jumped 1.5%. Easing Treasury yields after the report hinted at sustained inflation towards the Fed's target of 2%, sparking investor confidence. While tech stocks lagged, real estate stocks surged, and overall, the S&P 500 gained 4.8% in May. Stock markets globally saw mixed results in Asia and Europe.
Source: YAHOO