Market Recap – May 30th💰

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Market Recap – May 30th

Markets were closed yesterday in observance of Memorial Day. At the end of last week, however, Markets saw all three of the major indexes closing higher than before. The Dow finished up 6.2% for the week and ended its longest losing streak, The S&P 500 gained 6.5%, and the Nasdaq gained 6.8%.

Looking at specific investments, we’re watching Baidu and Dada. Baidu reported a 1% quarterly revenue increase; the company has expanded into cloud services and Robotaxis. Dada, the grocery store delivery company, reported a 21% year-on-year revenue increase in the latest quarter.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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