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US Indexes Close Mostly Higher on the Last Trading Day of May

The Dow Jones Industrial Average closed at 25,383.11 on Friday with a loss of 17.53 points or -0.07%. The S&P 500 closed at 3,044.31 for a gain of 14.58 points or 0.48%. The Nasdaq Composite closed at 9,489.87 for a gain of 120.88 points or 1.29%. The VIX Volatility Index was lower at 27.36 for a loss of 1.23 points or -4.30%.

For the week, the Dow Jones gained 3.9%, the S&P 500 gained 3.1% and the Nasdaq had a return of 1.9%. For the month of May, the Nasdaq gained approximately 10%, the S&P 500 gained around 6% and the Dow Jones had a return of 5%. For the year, the Nasdaq has a gain of 4.42%, the S&P 500 has a loss of 5.77% and the Dow Jones has a loss of 10.99%.


Friday's market movers

U.S. stocks closed mostly higher Friday, supporting monthly gains. A strong personal income report showing an increase of 10.5% helped investor confidence.

Shares of Twitter were down 1.96% Friday after President Trump signed an executive order Thursday evening that broadens the allowance of users' opinion posts. Twitter followed with a block of a Trump post Friday, stating it was against Twitter policy for glorifying violence.

In a press conference Friday, Trump addressed the move by China to extend its national security laws to Hong Kong. China's powers increase its authority over national security threats from Hong Kong. Trump says the U.S. is looking into affects on international relations and will be revoking some of Hong Kong's special privileges in the U.S. Trump also said the U.S. would be leaving the World Health Organization. Overall, the press conference did not discuss any major affects on negotiations toward the phase one trade deal with China.

Economic reports affecting market trading included the following:

  • Personal income increased 10.5% in April after falling 2.2% in March. Personal spending decreased 13.6% in April.
  • The PCE Price Index decreased 0.5% in April and reported a year-over-year increase of 0.5%.
  • The Core PCE Price Index, excluding food and energy, decreased 0.4% in April and increased 1% year over year.
  • Wholesale inventories increased 0.4% in April.
  • The goods trade balance was -$69.68 billion.
  • The Chicago Purchasing Managers Index decreased to 32.3 in May from 35.4.
  • The Michigan Consumer Sentiment Index improved to 72.3 in May from 71.8.
  • The Baker Hughes North American oil rig count decreased to 321 from 339.



In the S&P 500, technology led gains and industrials led losses. In the S&P 100, the following stocks led gains:

  • Nvidia (NASDAQ:NVDA) 4.58%
  • Cisco (NASDAQ:CSCO) 4.33%
  • PayPal (NASDAQ:PYPL) 4.31%
  • Qualcomm (NASDAQ:QCOM) 4.01%
  • Gilead (NASDAQ:GILD) 3.33%
  • Target (NYSE:TGT) 3.29%
  • Abbott Laboratories (NYSE:ABT) 3.06%



Small-cap stocks

In small caps, the Russell 2000 closed at 1,395.42 for a loss of 5.25 points or -0.38%. The S&P 600 closed at 803.11 for a loss of 8.38 points or -1.03%. The Dow Jones U.S. Small-Cap Growth Index closed at 9,662.34 for a gain of 27.44 points or 0.28%. The Dow Jones U.S. Small-Cap Value Index closed at 6,730.88 for a loss of 134.82 points or -1.96%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,763.95 for a loss of 9.17 points or -0.52%; the S&P 100 at 1,389.63 for a gain of 6.83 points or 0.49%; the Nasdaq 100 at 9,555.52 for a gain of 138.81 points or 1.47%; the Russell 3000 at 1,771.37 for a gain of 8.15 points or 0.46%; the Russell 1000 at 1,682.75 for a gain of 8.73 points or 0.52%; the Wilshire 5000 at 30,932.61 for a gain of 142.94 points or 0.46%; and the Dow Jones U.S. Select Dividend Index at 587.51 for a loss of -1.36 points or -0.23%.

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This article first appeared on GuruFocus.