A strong end to a weak month
U.S. financial markets ended strongly in May, as economic reports improved and the Federal Reserve (Fed) suggested that the economy had healed enough for it to start raising rates. After dropping between 1 percent and 2 percent mid-month, stocks rallied at month-end. All major U.S. equity markets posted gains, with the Dow Jones Industrial Average up 0.49 percent, the S&P 500 Index up even more at 1.80 percent, and the Nasdaq doing better yet, increasing a surprising 3.62 percent. Read more...
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