Reported 6 months ago
In the last trading day of May, US stocks closed on a high note with all three major indexes posting positive gains, marking the sixth positive month out of the last seven. The Dow Jones Industrial Average rose 1.5%, the S&P 500 gained 0.8%, and the Nasdaq Composite finished just below the flatline. The month saw record-breaking performances for the S&P and Nasdaq with their best May since 2003, and the Dow had its best May since 2020. Investors also reacted to the Personal Consumption Expenditures index update, showing signs of investors taking a breather as they monitored inflation. Stock performances of companies like Nvidia, Dell, and Gap were highlighted amidst market movements and economic data releases set for the upcoming week.
Source: YAHOO