May Flowers: Markets Have A Strong Month But End On A Whimper
May turned out to be a bounce-back month for
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May turned out to be a bounce-back month for
The S&P 500 and Nasdaq edged higher despite initial volatility caused by a glitch at the NYSE, which led to trading halts in dozens of equities. Technology stocks performed well, while energy equities lagged. Traders anticipated potential rate cuts by the Fed following weak manufacturing data.
The move in futures came after the Dow fell more than 115 points, or 0.3%, on the first trading day of the month.
GameStop closed 21% higher after jumping more than 70%, as meme stock leader Keith Gill appeared to hold on to a massive position in the video game retailer.
US markets closed lower on Monday following soft manufacturing sector data and as a glitch on the NYSE briefly caused trading halts in several equities. A glitch at the New York Stock Exchange had triggerd massive swings in the shares of Birkshire Hathawa