US stocks rebound into the close.

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Major indices rallied strongly into the close as month end flows erased earlier declines:

  • Dow rose 574.84 points or 1.51% at 38686.31. The gain was the largest one-day gain since November 2, 2023
  • S&P rose to 42.03 points or 0.80% at 5277.50. At session lows the S&P index was down -43.79 points
  • NASDAQ index fell -2.06 points or -0.01% at 16735.02. At session lows, the NASDAQ index is down -291.54 points

The small-cap Russell 2000 rose 13.52 points or 0.66% at 2070.12.

For the trading week:

  • Dow Industrial Average average fell -0.98%
  • S&P index snapped a 5-week win streak with a decline of -0.51%
  • NASDAQ index set it to five week win streak with a decline of -1.10%

the story was different for the month of May:

  • Dow industrial average rose 2.3%
  • S&P rose 4.8%
  • NASDAQ index rose 6.88%, its largest gain in 2024 and since November 2023
  • Russell 2000 rose 4.87% its largest gain since February 2024

This article was written by Greg Michalowski at www.forexlive.com.

Go to Forexlive

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