Reported 4 months ago
US stocks ended the last trading day of May positively, marking the sixth positive month in the last seven for major indexes. The Dow Jones rose 1.5%, the S&P 500 increased by 0.8%, and the Nasdaq Composite closed just below the flatline. All three indexes achieved their best May performances since 2003, with the S&P and Nasdaq having their best May since 2003, and the Dow seeing its best May since 2020. Despite the overall success for investors in May, there were signs of a slight retraction in trading activity, particularly with tech stocks like Nvidia experiencing a slight decline as investors took profits. Bond yields also fell after the release of the Personal Consumption Expenditures price index update, with the benchmark 10-year Treasury falling to around 4.5%.
Source: YAHOO