Friday, May 21, Market Recap

Good Evening,

Today, May 20…

The DJIA rose 0.37%
The S&P 500 was down 0.1%
The Nasdaq Composite slipped 0.48%

Tech led the market today.

General Market Review

Industrials

Boeing was up due to a report that the company was increasing output of the 737 Max jets to 42 jets per month. Boeing added 3.15%.

Tech

Apple fell 1.48% after Tim Cook faces questioning on Apple’s in-app purchase business model in the Epic Games trial. Nvidia rose 2.60% due to the plan for a 4-for-1 stock split, the company’s first stock split.

Stimulus

The size of the infrastructure stimulus packaged decreased from 2.25 trillion to 1.7 trillion since members of the Senate are cautious of further spending.

Charts by TradingView