Reported 4 months ago
On the last trading day of the month, US stocks finished positively, with all three major indexes having their sixth positive month in the last seven. Despite two days of sharp losses, the Dow Jones rose 1.5%, the S&P 500 climbed 0.8%, and the Nasdaq Composite closed just below breaking even. The S&P and Nasdaq had their best May performances since 2003, while the Dow saw its best May since 2020. Investors showed signs of taking a break as Nvidia shares dipped and the Personal Consumption Expenditures price index rose 0.2% in April, marking a slowing from March. Bond yields fell, with the 10-year Treasury dropping to around 4.5% after the inflation report.
Source: YAHOO