How major US stock indexes fared Friday, 5/31/2024
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.