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7 hours ago
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Nasdaq ends month 9.5% higher, S&P 500 records best May since 1990
US stocks (^DJI, ^IXIC, ^GSPC) close out Friday's trading session mixed, the Nasdaq Composite falling nearly 0.4% while leading monthly gains and closing out May trading over 9.5% higher. Market Domination Overtime's Josh Lipton and Yahoo Finance markets and data editor Jared Blikre eye the past month's market and sector trends. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Trade and tariffs were of course back on the radar for investors today. President Trump going after China on social media, talking tough. We had a new report that the US plans to broaden restrictions on China's tech sector, but if we add it up and we look at our major indices here, we've got the Dow tacking on about a 10th of a percent, up about 50 points. The S&P 500 also basically flat. Your tech heavy Nasdaq down about a third of a percent. Jared, over to you. Well, thank you. Let's check out some of the monthly totals here because the S&P 500, by my calculations, this is the fifth best May ever since 1928, the best since 1990, and also the second best since 1948. And here we go. This is the intraday. We barely climbed into the green by the end of the day, but here is a month to date and you can see we're up 6.15%. The Dow, nothing to write home about, but very positive, almost 4%. And then Nasdaq really outperforming here. That was up 9.5%. And it was a very interesting market month for the bond market. Here's the 30-year T-bond yield, and this is finishing up at 4.93%, a little venture above 5%, caused some consternation for equities for stocks a few weeks ago or last week, but we are in below that critical threshold right now. And then here's the US dollar index almost flat, just slightly to the downside for the month. We were up, we were down and at the end of the day, not really doing too much here. Here is the sector action and we're going to have much more discussion on this. Josh, you and me lipped in in about 30 minutes, but here's what happened today. This is utilities, staples and communication services in the lead, energy and consumer discretionary, throw tech in there and also materials, those were all red into the downside. Over the month though, let's check that out. Everything in the green except for healthcare. Tech was leading the way up almost 10%, followed by industrials up about 9, and consumer discretionary just below that and communication services up 6%. So really the mega cap sectors were the best performing and you can see that behind me here. Apple kind of out of the mix. Apple was down 5.5%, but among the mega caps, we got Microsoft up 16.5%, Nvidia after its earnings finally printed up 24%, most of that came before that. Tesla up 22% and Broadcom also up 25%. So three of those big mega cap names, if you include all eight, Broadcom, three of those were above 20%. And I'm going to leave it on the Dow here. This is what happened in the Dow this month. There's Apple again standing out in the red, but the biggest loser is United Health down here. That was down 26.7%. Salesforce after earnings went to the negative and then Merck down 10%, just underscoring that it was not a great month for healthcare here. Sign in to access your portfolio
Yahoo
7 hours ago
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May stock gains, June watchlist, bitcoin: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) capped off a historic May trading month with serious gains, the Nasdaq Composite ending the month over 9.5% higher and the S&P 500 seeing its best May since 1990. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to outline the month's biggest market themes, including what to expect in June and bitcoin's (BTC-USD) price moves. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Well, the S&P 500 marking its best May in 30 years with the Nasdaq surging nearly 10% this month. Yahoo Finance Jared Blickry joining us now with the trading day takeaways, Jared. Yeah, we got to start with this historic May because this was totally unexpected, especially in the depths of despair in April. And by the way, this was not only the best May since 1990, but the second best since 1948 and the fifth best since 1928, and that includes a bunch of crazy years in the 1930s. Everybody remembers those, right? All right. So here's a sector action over these 21 days. XLK, that is tech that grabs the front. That is up 10%. Then industrials, that is up 8.8%. Then you got consumer discretionary communication services. Here's the S&P 500 itself up 6.2%. So all of these are outperforming. That's our definition greater than the benchmark. And guess what? If you look at the Nasdaq, you can really see some of these high flyers here in the mag 7, these big market cap. Nvidia up over 20%. So is Broadcom. So is Tesla. That's three out of the top eight. Apple is kind of a black eye there, but whatever. And then if you look at the Dow, very similar story. Healthcare was the worst performing sector. If you remember the only one in the red there. And so we've got United Health down 12, 26% and Mark down about 10%, Josh. All right. So may solid. What's coming next? Yes. So I ran some stats on June and I'm going to be doing a deep dive on or yeah, Monday morning. And here's what I found so far. This is just looking at June, but I'm going to look ahead until the end of the year and also until next May. So a full year out. And what I did was I got this idea from Ryan Dietrich. He was looking at all the S&P 500 years where May was up more than a certain percentage. I think he was using 4%. I decided to use 3% because it gives a few more data points and 18 in total going all the way back to 1928. I sloughed off a few because I started at 1950, but the net result is June is one of the worst months, but still up 6 tenths of a percent. So about half of 1%, and it's positive 61% of the time. Nothing to write home about admittedly, but here's where the things get interesting here. S&P 500 since 1928 is less than that. It's about half of the returns and up a slightly less percent positive the time. That's up 58% of the time. And then if we go since 1990, June is actually one of the two worst months. I think I think September is actually the worst, and that's only up about 6 tenths of a percent. So the bottom line is June is not a great month, but given the strong May performance, it should be a little bit better. That gives it just a little bit better tilt. And if you recall, we had a really we were expecting a bullish April, that did not materialize. So I want to add a grain of salt here. Anything with the tariffs can kind of derail what we're talking about here in terms of seasonality. Final question, what would be on your your wall of worry? What are the risks, the concerns we need to think about? Exactly. I'm looking at Bitcoin, um, a Bitcoin rut pull because I have been looking at the price action. One of the things that Bitcoin has done historically, and let's get off this screen and get to Bitcoin, and let's actually show the trailing month here in crypto. So Bitcoin is up 11.2%, Ethereum's up 44%. These are nice numbers, but the chart was a little concerning because one of the things that Bitcoin is famous for is breaking to new highs and these are new highs right here, and then just descending and kind of reversing the trend. So if you see this trend line that I'm drawing in right here, it has broken the trend line. 105,000 is a make or break. You can see it's right below it right now. Uh, so I want to see it kind of climb above that, and then it'd be nice to get to new highs early next week. And then in terms of the general market, I have noticed that Bitcoin has been leading. So if Bitcoin falters here, maybe we do get that June surprise to the downside. So Bitcoin is going to be one of the things I'm watching over this weekend. I was going to ask you this weekend. Is it Bitcoin? Is it the greenback? If I have if I have to watch something, it might as well be Bitcoin, Josh. Thank you. Appreciate your perfect. Thank you. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
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May stock gains, June watchlist, bitcoin: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) capped off a historic May trading month with serious gains, the Nasdaq Composite ending the month over 9.5% higher and the S&P 500 seeing its best May since 1990. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to outline the month's biggest market themes, including what to expect in June and bitcoin's (BTC-USD) price moves. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Nasdaq ends month 9.5% higher, S&P 500 records best May since 1990
US stocks (^DJI, ^IXIC, ^GSPC) close out Friday's trading session mixed, the Nasdaq Composite falling nearly 0.4% while leading monthly gains and closing out May trading over 9.5% higher. Market Domination Overtime's Josh Lipton and Yahoo Finance markets and data editor Jared Blikre eye the past month's market and sector trends. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
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Nvidia & tariffs, volatility, defense stocks: Market Takeaways
US stocks (^DJI, ^IXIC, ^GSPC) managed to end Thursday trading slightly higher after giving up gains mid-session. This finish comes after a US trade court's ruling to pause President Trump's tariffs were temporarily reversed by an appeals court. Yahoo Finance markets and data editor Jared Blikre comes on Asking for a Trend to break down several of the day's top trading themes, including the market reactions to Nvidia's (NVDA) earnings results, waning volatility, and the defense industry. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. U.S. stocks move higher as markets assess Nvidia's earnings report as well as more tariff uncertainty. And Yahoo Finance's Jared Blikre joins us now with the trading day takeaways. Jared. Thank you, Josh. That is my first point after those Nvidia earnings, tariffs, tariffs kind of rule. Uh, but not in a big way. In fact, we saw the major markets. They kind of gapped up on the news. This was before the, the latest tariff news, and then they drifted down, but still the major average is closed in the green. And this is our semiconductors board, and I didn't mean to do that. Uh, let's check out Nvidia here closing the day up 3.25%, and that is the highest since February. Uh, not too far off those record highs, and it's just a quick stroke to get back to those. Got a few sticking points perhaps, but the earnings catalyst in the rearview mirror. And let's just check out the NASDAQ here because, uh, my eye has been on that. It's been kind of consolidating. This is a year to date. So we've seen breakouts in Nvidia. We've seen breakouts in a lot of stocks over the last few days, but not the major indices and they all kind of look just like that. So maybe we need another catalyst, but even tariffs not dragging it down today. But as you said, we finished in the green today. Yes. Not a disaster, right? No. But, and so my point is volatility is going down. It is waning here. Let's just check out the VIX real quickly. Uh, I got a lot of volatility charts, but we're only going to hit a couple here. Here's the VIX. It was down a whopping 30.13 points today. This is a year to date, so we're well off those highs and we've kind of settled back down below the 20 level. That's important. But what I want to show you is realized volatility. That is what is actually happening in the market rather than the VIX saying this is what we think is going to happen. Realized volatility is still pretty, pretty elevated here. So just something to consider. It is a trader's market and still a lot of things can trip you up if you're a day trader. What have been the plays recently? Uh, so that is in the defensive area. And it was really interesting today because defensive sectors were doing well. And then we also have the defense and aerospace, which is completely separate. That was doing well, uh, in addition. So let's check out the sector action real quickly. And for the leaderboard, we got real estate, energy, utilities, healthcare, all of those defensive. Oh, through say, uh, throw staples in there too. That's another defensive one. Yes, energy is defensive at times, not always, but you can put it in that basket. So there are the defense sector, their defensive sectors. And here, let's check out defense because the ITA ETF, and that covers all of this industry, has been hitting record highs. It was least affected by the tariff tantrum two months ago. And a lot of these stocks, just check out GE for instance, this has been hitting record highs day after day, after day after it surpassed them in May. Those were the old records, these are the new ones. And like I said, a lot of charts look like this. So we're seeing a lot of strength in these names. Even Boeing coming back recently, Josh. Any famous lines on defense you want to leave the audience with? Uh, there's one by Vince Lombardi. The best defense is a good offense. And so that means you need, you can't just have a portfolio filled with dogs with fleas. That's my point. Wise words. Wise words. Thank you, Jared. Appreciate it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
