The Dow Jones Industrial Average surged over 575 points on Friday, marking its best day of 2024 and closing out a strong month. The Dow finished May up 2.30%, while the S&P 500 gained 4.82% and the Nasdaq saw a 6.88% increase, its best month since November 2023. The rally was driven by investor optimism as the Federal Reserve's preferred inflation measure met expectations. Key sectors such as basic materials, utilities, and energy posted gains of 4.55%, 4.20%, and 2.80%, respectively. This strong performance comes as the S&P 500 also recorded its best May in at least the last 10 years, with a monthly increase of 5.05%. The SPX index rose 11% heading into June, reflecting a robust market sentiment. Additionally, SPY increased by 0.91% while QQQ saw a slight decline of 0.02%.
The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around expectations. https://t.co/F46S9dPAdG
Dow Jones Industrials scores biggest gain since November 2 🚀 https://t.co/aqXsMUwOcG
Dow Closes 575 Points Higher on Friday for Best Day of 2024 https://t.co/vJk2xHuTGH
$SPX one of the best reversal closes I've seen in a while. +86 pts off the low and 85% of stocks higher on the day. End of month/PCE volatility not unexpected. https://t.co/4jyoEAqtso
The Dow Jones Industrial Average jumped on Friday for its best session of the year, as investors wrapped up a strong month. https://t.co/tR9Bi5ChWz https://t.co/tRagnqSnoX
Dow’s 575-point Friday surge puts finishing touch on year’s best month https://t.co/xIOaNiB9Qs
The Dow closed up approximately 570 points to end May 2024, finishing the month up 2.30%. Likewise, the S&P 500 surged 4.82% for the month while the Nasdaq gained 6.88% for its best month since November 2023. https://t.co/S9hhBNGi7a The top sectors for the month were basic… https://t.co/39i3xWrnQh
The Dow closed up approximately 570 points to end May 2024, finishing the month up 2.30%. Likewise, the S&P 500 surged 4.82% for the month. https://t.co/S9hhBNGi7a The top sectors for the month were basic materials, utilities and energy, with gains of 4.55%, 4.20% and 2.80%.… https://t.co/CKlvjgIf2C
DJIA best day since last November https://t.co/Fu3DOKuS6E
Dow just had its BEST day of 2024... ▪ $DIA +1.49% 🔥 ▪ $SPY +0.91% ▪ $QQQ -0.02% Bulls running strong into the weekend! https://t.co/5QuSPRThxp
⚠️BREAKING: *DOW JUMPS MORE THAN 550 POINTS TO POST BEST DAY OF 2024 AS U.S. STOCKS END HIGHER TO CLOSE OUT A STRONG MONTH $DIA $SPY $QQQ $IWM $VIX https://t.co/0wy3B8vOha
$SPY +5.05% for the month. Best May in at least the last 10 years. https://t.co/ltqY04OD7X
Dow closes more than 550 points higher to post best day in 2024 - CNBC
June Better in Election Years: Average Gains Range from 0.9% DJIA to 1.9% NASDAQ https://t.co/n2UFtd6Irm https://t.co/f1jS3B5nYG
SPX +11% heading into June.. https://t.co/TKfVk9cwAA