Reported 4 months ago
US stocks concluded the trading month positively, with the Dow Jones Industrial Average climbing 1.5%, the S&P 500 rising 0.8%, and the Nasdaq Composite finishing nearly flat after overcoming earlier losses. The major indexes set records for the month, with the S&P and Nasdaq achieving their best May performances since 2003, and the Dow seeing its best May since 2020. Investors took profits on tech giants like Nvidia (NVDA), leading to a tech sell-off. The day also saw reactions to the Personal Consumption Expenditures index update and movements in individual stocks such as Dell's revenue rise and Gap's earnings beat.
Source: YAHOO