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How major US stock indexes fared Tuesday, 5/28/2024

  • U.S. stocks declined due to higher bond yields, affecting Wall Street post-holiday weekend. The S&P 500 remained near a record, with about two-thirds of its stocks dropping.
  • The Dow Jones Industrial Average fell by 0.6% while the S&P 500 closed almost unchanged, staying below a previous record.
  • Despite overall decline, certain technology stocks performed well, aiding the Nasdaq composite to reach another all-time high.
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How major US stock indexes fared Tuesday, 5/28/2024

Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend. The S&P 500 closed little changed Tuesday and is sitting just below its record set a week ago. Roughly two out of every three stocks in the index fell. The Dow Jones Industrial Average fell 0.6%. Some technology stocks remained particularly strong, which helped the Nasdaq composite rise 0.6% to another all-time high. B…

·Washington, United States
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Financial Post broke the news in Canada on Tuesday, May 28, 2024.
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