A tumultuous May for markets ended almost exactly where it started in equities, with a late-session drop Tuesday depositing the S&P 500 less than a point higher than its level a month ago. It was an ironic end to a month that saw volatility surge and debates rage around inflation, the Federal Reserve’s plan to subdue it and the impact on the economy.The S&P 500 was fell 0.6% on Tuesday, bringing its monthly return to virtually zero. During the month of May, the benchmark index surged more than 8% after falling within points of a 20% drop from a record, signifying a bear market.Ten-year Treasury yields climbed 12 basis points to 2.85%, just below where they started the month. West Texas Intermediate oil was little changed, leaving it 10% higher in the month. And Bitcoin held above $31,000, down 17% in May.
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