US Stock Market Review 13 - 17 May 2024
$Dow Jones Industrial Average(.DJI.US)$ +1.24%, $S&P 500 Index(.SPX.US)$+1.54%, $Nasdaq Composite Index(.IXIC.US)$+2.12%. DJIclosed above the key 40,000 level for the first time ever.
Major economic data last week, CPI and retail sales showed weaker than expected result, ignited speculations that the economy is cooling, elevating chances for the Fed to cut rates in the next few months
Over 90% of the $S&P 500 Index(.SPX.US)$ compa...