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S&P 500 ends near flat but posts biggest monthly pct gain since November 2023

  • The S&P 500 closed nearly flat on a volatile session on Friday but rose about 6.2% in May, its best monthly gain since November 2023.
  • The market's rebound followed the U.S. Pausing some tariffs and President Trump softening his trade stance amid ongoing tensions with China and tariff uncertainties.
  • Investors weighed upbeat corporate earnings, including Ulta Beauty’s 11.8% surge on strong sales and profit forecasts, alongside easing inflation and consumer spending data.
  • Joseph Abramson of Northland Wealth Management noted that following a strong rally, some pullback might occur, but over the medium term, the market is expected to continue rising.
  • The market's mixed close and tariff-related uncertainty suggest cautious investor sentiment as Trump plans talks with China's president to address trade issues.
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CNBC broke the news in United States on Thursday, May 29, 2025.
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