All right. Welcome back to closing bell on cheddar news everyone.
I'm kristen Schouler.
That is the close on Wall Street,
we are officially wrapped up for trade in the month
of May postal Realty Trust celebrating close with a pack podium
and handover Bancorp up there at the NASDAQ in Times Square.
This is a live look from the floor of the New York Stock Exchange.
Rounding out the month of May, we do see fractional losses across the board.
It was an extremely volatile month.
In fact, the NASDAQ had dropped worse than 30% from its high at one point.
The S&P 500 did flirt with bear market territory. But believe it or not, the S&P.
And the Dow
actually seeing games for the month of May after all,
three of these major indexes rallied
more than 6% last week as investors saw some bargains in the market, they came in,
they bought the dip
as still as we round out the final trading session of May,
the NASDAQ 4/10 of a percent,
the S and P down 6/10 of a percent and the dow down 7/10 of a percent or 200
and 20 points.
We were down, we were up,
we did end down so that volatility is certainly on display today as well.
And key factors ahead like inflation.
The jobs report that will get on friday all keenly and focus
for investors as they do await a mid june fed meeting,
which we do anticipate,
we'll see rates rise by another half of a percentage point and try to combat
A soaring inflation.
But for the month looks like a wash across the board down the S&P,
a little bit higher than NASDAQ, down about 1% on the month.