May proved a highly volatile
month for the
Dow Jones, featuring several
significant fluctuations. The
benchmark index experienced
dips, with the most severe
decline going over 600 points, marking a low point for the year. However, the Dow also attained a
milestone by crossing 40,000 for the first time. Contributing to the tumultuous period were multiple factors, including anticipation over
inflation data, Nvidia's soaring stock, and poor performance in Dow and 3M stocks.
Nvidia's earnings and
stock split generated significant
appeal among retail investors, potentially improving the Dow's chances.
Merck & Co., Inc., Salesforce, Inc., and Apple Inc. appeared to be the popular choices for investment according to hedge funds and legendary investor Warren Buffett. As Dow approaches its next phase, market experts
predict the possibility of reaching one million, albeit in a prolonged timeframe.
Jobless claims and FOMC minutes also impacted investors' sentiment.
Artificial intelligence stocks are gaining traction, citing interest of billionaire investors.
Dow Stocks DOW News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Mon, 27 May 2024 00:06:00 GMT -
Rating -2
- Innovation 2
- Information 8
- Rumor -7
