PCE transmission inflation is good, US bonds continue to rise, Dow Jones sees strongest daily gain of the year, tech stocks suppress Nasdaq, Dell plunges nearly 20%, NVIDIA's rebound fails with a rise of nearly 30% in May

Wallstreetcn
2024.05.31 22:56
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The Dow rebounded strongly on Friday after two consecutive weeks of decline, while the S&P halted its two-week decline, and the Nasdaq erased most of its losses after falling more than 1% intraday, with a cumulative increase in May. NVIDIA initially rose 2% before turning lower; Apple rose for the fifth consecutive time, up nearly 13% in May; after the financial report, Dell experienced its largest drop in history, chip stock Micron Technology fell more than 10%, and Gap rose nearly 29% to achieve its largest increase in half a year. Chinese concept stocks fell more than 1%, XPeng Motors fell 4%, Tencent's US stocks fell more than 2%, while ZEEKR rose more than 2%. After the release of the PCE, US bond yields accelerated their decline, with the two-year yield hitting a one-week low; the US dollar index hit a daily low, marking its first monthly decline within the year in May; crude oil and gold and silver prices rose intraday, hitting daily highs before reversing back down. Ethereum rose nearly 20% in May. Offshore RMB fell 200 points intraday, breaking below 7.26. Crude oil fell for the third consecutive time, closing near a three-month low, marking the largest monthly decline within the year in May. Gold fell from a one-week high after rising for three consecutive months, while silver futures rose more than 10% in May. London zinc fell more than 3%, London copper fell for the third consecutive time to a three-week low despite rising for two months, while London tin rose nearly 6% in May, marking a six-month consecutive increase. Updates in progress