Stocks ended mostly higher on Wall Street, closing out the market’s latest winning month.
The S&P 500 shook off a midday slump and ended 0.8% higher Friday. Drops for Nvidia and other technology stocks held back the Nasdaq composite, leaving that index just barely in the red. The Dow Jones Industrial Average climbed 1.5%.
Treasury yields eased in the bond market after a key measure of inflation remained steady last month. That could help bolster the Federal Reserve’s confidence that inflation is sustainably heading down toward its target, something the central bank says it needs before cutting its benchmark interest rate.
On Friday:
The S&P 500 rose 42.03 points, or 0.8%, to 5,277.51.
The Dow Jones Industrial Average rose 574.84 points, or 1.5%, to 38,686.32.
The Nasdaq composite fell 2.06 points, or less than 0.1%, to 16,735.02.
The Russell 2000 index of smaller companies rose 13.53 points, or 0.7%, to 2,070.13.
Related articles:
Related suggestion:
Iranians around the world cheer, fear after president's crash deathGiants hit 3 RBI singles in 4NFL star Tyreek Hill says he 'didn't touch' OnlyFans model Sophie HallNFL star Tyreek Hill says he 'didn't touch' OnlyFans model Sophie HallJodie TurnerNC State bangs out 20 hits, has two 6How major US stock indexes fared Wednesday, 5/22/2024James extends his AllDiversity jobs at North Carolina public universities may be at risk with upcoming board voteFlaharty has 3 hits, drives in winning runs in 7th to lift Utah over Oregon 4
0.103s , 6052.9140625 kb
Copyright © 2024 Powered by How major US stock indexes fared Friday, 5/31/2024 ,Culture Clutch news portal