May 31st 2020
U.S. stocks were on track for solid weekly gains. The Dow Jones Industrial Average jumped 3.8% from the prior Friday’s close to end at 25,383.11. The S&P 500 advanced 3.0% for the week to close at 3,044.31. Nasdaq was looking at a 1.8% weekly gain and finished at 9,489.87. For the month, the Dow is on track for a 4.2% gain, the S&P 500 is set for a 4.5% climb while the Nasdaq is looking at a 6.7% advance in May. All S&P sectors ended higher, led by financials. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 27.5.