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The three leading U.S. stock indexes finished lower for the week of May 27, while booking in monthly gains for May. Investors digested key economic updates and AI related corporate earnings as they moved into the second half of the year.
Stocks ended mixed for the week of May 24. Investors weighed economic data which showed inflation remained sticky, while chipmaker and AI darling Nvidia reported solid earnings.
Stocks ended in the green or the week of May 13 as investor sentiment lifted following Wednesday's release of the Consumer Price Index (CPI). The gauge of consumer inflation revealed that inflation fell to 0.3% month-over-month in April; estimates were for 0.4%.
Stocks ended on a positive note for the week of May 6 as as investors had very few catalysts to shake the resolve of upward momentum ahead of key consumer and wholesale inflation guages in the week to come.
Stocks ended on a positive note for the week of April 29 as investors delibrated stagflation fears, a Fed rate decision, and big tech earnings while April finished downbeat and economic data revealed upward pressures for inflation.
Stocks bounced back during the week. Senitment turned positive as big tech earnings were better than expected, overshadowing a rise in the Federal Reserve's favorite inflation gauge, the PCE price index.
