US stocks were mostly higher late, reversing a morning swoon, on the final day of trading in May though the tech leaders fluctuated after rallying strongly for most of the last five weeks.
Schwab’s Kevin Gordon also noted that the S&P 500 tech sector just had its best month this year, and second best in the past year.The so-called core PCE, which strips out the volatile food and energy components, increased 0.2 per cent from the prior month. Stanley also said: “The year-over-year advance in the core PCE deflator held steady in April at 2.8 per cent, though barely, as the unrounded figure was 2.754 per cent . I expect the year-over-year core measure to hold in a range between 2.7 per cent and 3.0 per cent for the rest of the year.”Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.On Wall St near 4pm: Dow +1.5% S&P +0.
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