Reported 5 months ago
Stocks ended higher on May 24, 2024, with the Nasdaq reaching a record close as tech companies like Nvidia, Intel, AMD, and NXP Semiconductors performed well. The Nasdaq rose 1.1%, the S&P 500 gained 0.7%, and the Dow Jones Industrial Average increased by 0.01%. The S&P 500 had a marginal weekly gain of 0.03%, the Nasdaq was up 1.41%, and the Dow experienced its first negative week in five, losing 2.33%. The University of Michigan's consumer sentiment survey indicated increasing optimism and easing inflation expectations, while U.S. durable goods orders for April rose 0.7%, exceeding expectations. Eli Lilly announced a $5.3 billion investment to boost the supply of its weight-loss treatments, and the CME Group's FedWatch showed reduced expectations for a Fed rate cut in autumn.
Source: YAHOO