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Daily Market Recap - 3:30 pm CST

May 29, 2020

Summary

U.S. stocks were mixed today, with the health care sector leading the gainers. In a press conference this afternoon, President Trump announced that the U.S. will cut ties with the World Health Organization and begin removing special exemptions granted to Hong Kong, but did not mention pulling back from the trade deal with China reached earlier this year. In corporate news, Salesforce reported earnings above expectations due to strong demand within cloud services, but reduced its guidance due to the coronavirus. The Dow Jones Industrial Average rose 918 points, or 4%, for the week.

Overall market indexes

The Dow Jones Industrial Average* was down 18 points or 0.1% to 25,383
The Standard & Poor's 500 Index was up 15 points or 0.5% to 3,044
The NASDAQ Composite Index was up 121 points or 1.3% to 9,490

Bond markets

The 30-year Treasury yield is trading lower at 1.41%
And the 10-year Treasury yield is trading lower at .65%

Commodity markets

The spot price of gold rose $16.90 to $1,745.20
And the price of crude oil rose $1.67 to $35.38

Important Information:

The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2019 is proprietary to Dow Jones & Company, Inc.

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