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- A tough week just ended with the Dow Jones just barely in the green, though the index snapped its 5-week winning streak thanks in large part to its worst day of trading this year on Thursday. The NASDAQ hit a new all-time high on the back of Nvidia’s strong earnings, while the S&P 500 rose but ended the week flat.
- Bond yields rose this week as investors came to terms with the idea that the Federal Reserve may not cut rates more than once in 2024, fleeing to the safety of Treasuries. Gold ended the week down overall.
- The market turned on copper selling off for a third straight day. And oil finally snapped its losing streak, rising on the hopes of a travel-heavy Memorial Day weekend, though crude still ended the week lower than where it started.
- The big winner was ethereum thanks to the approval of a spot ethereum ETF by the SEC.
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The U.S. Markets were closed on Monday, May 27th, 2024. Please be aware that, transactions made after 4 p.m. EST on Friday, May 24th, 2024, will receive the closing price as of Tuesday, May 28th, 2024.
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Financial Planning, Information Technology, Investing, Recommended Books, Touring with Marcinko | Tagged: bonds, coinbase, copper, DJIA, Etherium, gold, Marcinko, Memorial Day, NASDAQ, Nvidia, S&P 500, textbooks |
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