Dow and Tech Stocks Slide Amid Earnings and Inflation Worries
TL;DR Summary
The Dow Jones closed over 570 points higher, marking its best day in 2024 and capping a winning May for stocks. Companies set a record for stock buybacks in May, with Apple leading the way. Despite a mixed week, the Dow and S&P 500 posted gains for the month. Boeing's stock rose after Fitch maintained its rating, while Morgan Stanley adjusted price targets for Costco and Ulta. Economic growth forecasts were downgraded following weaker consumer spending data.
- Stock futures inch lower as investors review earnings, brace for inflation report: Live updates CNBC
- Why the Dow fell 1,000 points in the last three days CNN
- Stock market today: Dow extends slide as Salesforce plunges, rate jitters rattle tech Yahoo Finance
- Tech Stocks Lead Major Indexes Lower - WSJ The Wall Street Journal
- Dow, S&P 500, Nasdaq selloffs belie bullish breadth data MarketWatch
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