Friday, May 28, Market Recap

Good Evening,

Today, May 28…

The DJIA rose 0.19%
The S&P 500 was up 0.08%
The Nasdaq Composite added 0.09%

Tech led the market today.

General Market Review

Tech

After a week of positive earnings, many tech stocks were in the green. Salesforce.com gained 5.43% after topping expectations on first quarter results. The company raised its outlook for the year as demand for cloud services is growing.

Industrials

Boeing had to stop 787 Dreamliner jets deliveries, because the Federal Aviation Administration looks into solutions for the jets to meet safety standards. Boeing fell 1.53%.

Consumer Discretionary

As the economy continues to reopen, demand for services from recreation to travel are increasing. Marriott and Hyatt fell slightly by 1.55% and 0.57%, respectively.

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