Catching up from last week:
US stocks wrapped the last trading day of the month on a high note, notching the sixth positive month in the last seven for all three major indexes.
The blue-chip Dow Jones Industrial Average (^DJI) rose 1.5%, or about 575 points, shaking off two days of sharp losses. The S&P 500 (^GSPC) rose 0.8%, while the tech-heavy Nasdaq Composite (^IXIC) overcame earlier losses and finished just below the flatline.
The major indexes all broke records for the month. The S&P and Nasdaq posted their best May performances since 2003. And the Dow saw its best May since 2020.
While investors won out on the month, the trading day showed signs of investors taking a breather. Shareholders in Nvidia (NVDA), the AI darling, took an exhale after the company’s stock price rose above $1,100. Shares fell around 0.8% Friday as investors took profits on the chip producer as well as other tech giants.