Latest development4 months ago
S&P 500 Secures Weekly Gain Following Major Thursday Rebound
The index rose 0.6% for the week as a 1.8% Thursday surge, its best in two months, erased early-week volatility.
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The S&P 500 momentum factor recorded a month-to-date gain of 7.4% according to S&P Global, even as tech stocks struggled to rally despite positive earnings. The index secured a 0.6% weekly gain after recovering from a volatile start to the week. Notably, the index surged 1.8% on Thursday, marking its best single-day performance in over two months.
The index rose 0.6% for the week as a 1.8% Thursday surge, its best in two months, erased early-week volatility.
Read the full storyInvestors grow cautious as major technology stocks fail to gain momentum despite reporting strong quarterly earnings that exceeded market expectations.
The S&P 500 momentum factor surged 7.4% month-to-date in May, significantly outperforming other investment styles according to S&P Global data.