- US
stocks fell Tuesday as rising oil and eurozone prices renewed inflation fears. - But the Dow and the S&P 500 closed a volatile month of trading flat.
US stocks dropped Tuesday as investors grappled with signs that high inflation will stick around, though both the Dow and the S&P 500 closed out a volatile month of trading flat.
Rising oil and a record high in eurozone prices renewed inflation concerns, which sent the 10-year Treasury yield surging. But despite the wild swings in May, the
After stocks sold off sharply to start the year, investors are looking for signs of a bottom. Last week, stocks broke their longest weekly losing streak since 2001. But Morgan Stanley said $4 as the bear market rally is likely to fade. Slowing growth is a headwind for stocks, and earnings estimates are too high, the analysts noted.
"Bottom line, our base case remains that last week's strength will prove to be another bear market rally in the end," Morgan Stanley analysts led by Mike Wilson wrote $4.
Here's where US indexes stood as the market closed 4:00 p.m. on Tuesday:
- S&P 500>$4: 4,132.15, down 0.63%
- Dow Jones Industrial Average>$4: 32,990.12, down 0.67% (222.84 points)
- Nasdaq Composite>$4: 12,081.39, down 0.41%
Meanwhile, insider stock purchases are at the highest level in more than two years, which $4. From May 1 to May 24, stock purchases by executives of companies within the S&P 500 hit the most volume since March 2020.
Overseas,
In China, stocks like Alibaba and others got a boost after Shanghai lifted COVID-19 restrictions and officials unveiled stimulus measures such as $4
Oil inched higher, with $4 up 0.28% to $115.40 a barrel. $4, the international benchmark, moved up 0.96% to $122.84 a barrel.
$4 edged lower 0.79% to $1,836.60 per ounce. The $4 jumped 10.2 basis points to 2.851%.
$4 climbed 3.17% to $31.646.55.