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:
Judge signs off on $600 million Ohio train derailment settlement but residents still have questionsExonerated after serving 8 years for 2013 murder, a 26Yankees owner Hal Steinbrenner credits clubhouse technology for improved health, fast startPadres' star Xander Bogaerts placed on IL with fractured left shoulderNorth Carolina attorney general seeks funds to create fetanyl, cold case unitsSavannah police arrest suspect in weekend shootings that injured 11 in downtown squareJohnathan Rodriguez drives in goExonerated after serving 8 years for 2013 murder, a 26Stars in West final against Avs and their big scorers after knocking out last 2 Stanley Cup champs2 Georgia state House incumbents lose to challengers in primaries
0.109s , 6574.4140625 kb
Copyright © 2024 Powered by How major US stock indexes fared Friday, 5/31/2024 ,International Interplay news portal