Thursday, May 20, Market Recap

Good Evening,

Today, May 20…

The DJIA rose 0.55%
The S&P 500 was up 1.06%
The Nasdaq Composite added 1.77%

Tech led the market today.

General Market Review

Economic Data

Unemployment claims for last week came to 444,000, while economists expected there to be a total of 452,000 claims.


Oil prices fell for the third day in a row after negotiations to bring Iran back into the nuclear accord that was previously cancelled by Trump caused an influx of global supply.


Big tech was up today due to a drop in the 10-year Treasury. Investors believe that the Fed will announce plans to lower monthly bond purchases soon. Due to a recovery in bitcoin prices, Tesla and other chip stocks rise. Tesla added 4.1%.

Charts by TradingView