Reported 4 months ago
US stocks wrapped the last trading day of the month on a high note, notching the sixth positive month in the last seven for all three major indexes. The S&P 500 and Nasdaq posted their best May performances since 2003, while the Dow saw its best May since 2020. Investors reacted to the Personal Consumption Expenditures price index update as the 'core' PCE index rose 0.2% in April, slowing from March. Bond yields fell after the report, with the benchmark 10-year Treasury falling to around 4.5%. Individual movers included shares of Trump Media & Technology Group falling after former President Donald Trump's conviction and Dell reporting a rise in revenue but plunging shares as AI server sales fell short. Gap stock surged 28% on a sizable earnings beat.
Source: YAHOO