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Stocks stumbled to end an otherwise positive month of May as investors appeared to press pause on AI enthusiasm and the prospect of the Federal Reserve holding interest rates higher for longer remained top of mind.
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US stocks wrapped the last trading day of the month on a high note, notching the sixth positive month in the last seven for all three major indexes.
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US stocks endured more losses on Thursday as lingering concerns about higher-for-longer interest rates and a Salesforce sell-off dampened investors' spirits.
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US stocks waded in the red on Wednesday, after a spike in Treasury yields unsettled investors already weighing whether recent data will shift the needle on interest rates.
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The Nasdaq Composite reached a new high on Tuesday, breaching 17,000 for the first time as AI darling Nvidia continued its post-earnings tear to also reach a record of $1,140 a share.
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Stocks closed the week with mixed results as debate about when, or if, the Federal Reserve will cut interest rates continued to be top of mind for investors.
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