US indexes finish May strong, Dow up 575 points, S&P down 0.51%, Nasdaq down 1.10%.

From Yahoo Finance: 2024-05-31 17:47:37

The Dow Jones Industrial Average closed 575 points higher on the last trading day of May, with the S&P 500 falling by 0.51% and the Nasdaq Composite dropping 1.10% in the short trading week. Donald Trump’s guilty verdict has sparked discussions about its potential impact on the upcoming presidential election and the broader market. With April’s PCE inflation data meeting expectations, conversations about higher interest rates resume. The market shows a correlation between Trump’s election odds and market movement, with his increasing odds potentially signaling a market preference for a Trump victory. Despite the uncertainty, the market remained resilient, ending the week on a positive note. May was a strong month for the S&P, raising questions about what June may bring.



Read more at Yahoo Finance: US indexes finish May on a high note: Market Domination Overtime