Dow and S&P 500 Surge, Mark Best May Since 2020
TL;DR Summary
The Dow Jones Industrial Average surged 574.84 points, or 1.51%, marking its best session of 2024 and wrapping up a strong May, driven by gains in Salesforce and UnitedHealth. Despite a tough week, all major benchmarks posted gains for the month, with the Nasdaq up 6.88%. Economic data met expectations, and Nvidia's strong earnings contributed to market strength. However, Dell Technologies fell over 17% due to a smaller-than-expected AI server backlog, while Gap soared more than 28%.
- Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May NBC News
- Stock market today: Stocks cap another winning month, S&P 500 logs best May since 2020 Yahoo Finance
- Stock Market Today: Dow, S&P 500 Finish Higher After PCE Inflation Report; Dell, DJT, MongoDB, Gap, and More Movers Barron's
- Dow has best daily gain for year; indexes up sharply for May Reuters
- Indexes Mixed After Inflation Data; Tech Stocks Dive As Nvidia Eyes Apple's Crown Investor's Business Daily
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