Friday, May 17, 2024
HomeTrading RoomTo Start The Week's Shorter Trading Period, Stocks Decline

To Start The Week’s Shorter Trading Period, Stocks Decline

As Wall Street struggled to maintain its strong momentum from the previous week, stocks declined on Tuesday.
Due to the Juneteenth holiday, markets were closed on Monday.

Investors had a successful week despite Friday’s decline in the main averages. Both the broad-market benchmark S&P 500 and the tech-heavy Nasdaq Composite had its best weekly results since March. The broad-market benchmark increased by 2.6%, and the tech-heavy index increased by 3.25%. The Nasdaq experienced its eighth straight week of gains, a feat it previously did in 2019. The S&P 500 also experienced its fifth consecutive week of gains, a first since November 2021.

Source (CNBC)

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