S&P 500 ends near flat but posts biggest monthly pct gain since November 2023
Fri May 30, 2025 5:26 PM
It was a more or less uneventful day until about noon when all three indexes plummeted drastically, both the Dow and Nasdaq dropping over 300 each. Trump had come out with his harsh comments on Truth Social about China, but then switching gears and changing to much more conciliatory remarks which pushed all three indexes back towards break-even by close.
As today’s expert put it, “Investors don’t know how to react to tariff news. The news cycle is maddening.” On the upside, all three enjoyed impressive gains for the month, the S&P now less than 4% from its February record high and even the inflation-sensitive Nasdaq enjoying a 9.6% bump. Consumer spending increased by 2.1% in April, a tad below March’s 2.3%. Volume came in at 19.34 billion, above the average of 18 billion.
DJ: 42,215.73 +117.03 NAS: 19,175.87
+74.93 S&P: 5,912.17
+23.62 5/29
DJ: 42,270.07 +54.34 NAS: 19,113.77
-62.11 S&P: 5,911.69
-0.48 5/30
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