'Stick With What's Working' as Markets Head Into June Trade: Fundstrat's Tom Lee

Seeking AlphaJun 1 09:00 ET

On the last trading day of May, US stocks staged a “spectacular reversal in 20 minutes”! Will the offensive continue in June?

In the final trading phase in May, a new round of fluctuations enveloped the US stock market. Amid alternating fluctuations in technology and other industries, buying on dips greatly boosted the market. According to reports, with the help of a strong rebound in US stocks in the last 20 minutes, the benchmark stock index for US stocks, the S&P 500 index, finally rose nearly 1% on Friday, hitting its best monthly performance since February this year. In the last 20 minutes, the S&P 500 index rebounded sharply from a 0.2% drop to close at a rate close to 1%, while the intraday decline was close to 1%. Earlier in the US stock market on Friday, dragged down by large technology stocks, the S&P 500 index

Zhitong FinanceJun 1 03:29 ET

Key driver of the S&P 500 Index's record high: repurchase promises of up to $2010 billion

According to some data, the share repurchase plan disclosed by the company in May reached 2010 billion US dollars, setting a new record in May; the repurchase announced by Apple was the largest share repurchase plan officially announced in May; in the first quarter, the completed repurchases of S&P 500 companies reached 2020 billion US dollars.

Zhitong FinanceMay 31 21:20 ET

Nvidia Is South Korea's Favorite Foreign Stock: Jensen Huang's Chip Company Can't Stop Winning

One of the top gaining S&P 500 stocks over the last year has been NVIDIA Corporation (NASDAQ:NVDA), which just reported a beat and raise in the first quarter.Investors and funds are flocking to hold s

BenzingaMay 31 16:23 ET

S&P, Closes up 4% in May | Market Story

As a general recap, indexes were catios and flatter Friday. Just after 10 AM EST, the $S&P 500 Index traded up just 0.05%, the $Dow Jones Industrial Average climbed 0.12%, and the $Nasdaq Composite In

moomoo NewsMay 31 16:02 ET

Biden Urges Israel, Hamas To Accept 3-Stage Hostage, Cease-Fire Deal In Gaza: 'It's Time To End This War'

President Joe Biden proposed a comprehensive hostage and cease-fire deal on Friday, urging both Israel and Hamas to accept terms to bring an end to the ongoing conflict in Gaza.The new Israeli proposa

BenzingaMay 31 15:53 ET