00:00 Speaker A
Trade and tariffs were of course back on the radar for investors today. President Trump going after China on social media, talking tough. We had a new report that the US plans to broaden restrictions on China's tech sector, but if we add it up and we look at our major indices here, we've got the Dow tacking on about a 10th of a percent, up about 50 points. The S&P 500 also basically flat. Your tech heavy Nasdaq down about a third of a percent. Jared, over to you.
00:33 Jared
Well, thank you. Let's check out some of the monthly totals here because the S&P 500, by my calculations, this is the fifth best May ever since 1928, the best since 1990, and also the second best since 1948. And here we go. This is the intraday. We barely climbed into the green by the end of the day, but here is a month to date and you can see we're up 6.15%. The Dow, nothing to write home about, but very positive, almost 4%. And then Nasdaq really outperforming here. That was up 9.5%. And it was a very interesting market month for the bond market. Here's the 30-year T-bond yield, and this is finishing up at 4.93%, a little venture above 5%, caused some consternation for equities for stocks a few weeks ago or last week, but we are in below that critical threshold right now. And then here's the US dollar index almost flat, just slightly to the downside for the month. We were up, we were down and at the end of the day, not really doing too much here. Here is the sector action and we're going to have much more discussion on this. Josh, you and me lipped in in about 30 minutes, but here's what happened today. This is utilities, staples and communication services in the lead, energy and consumer discretionary, throw tech in there and also materials, those were all red into the downside. Over the month though, let's check that out. Everything in the green except for healthcare. Tech was leading the way up almost 10%, followed by industrials up about 9, and consumer discretionary just below that and communication services up 6%. So really the mega cap sectors were the best performing and you can see that behind me here. Apple kind of out of the mix. Apple was down 5.5%, but among the mega caps, we got Microsoft up 16.5%, Nvidia after its earnings finally printed up 24%, most of that came before that. Tesla up 22% and Broadcom also up 25%. So three of those big mega cap names, if you include all eight, Broadcom, three of those were above 20%. And I'm going to leave it on the Dow here. This is what happened in the Dow this month. There's Apple again standing out in the red, but the biggest loser is United Health down here. That was down 26.7%. Salesforce after earnings went to the negative and then Merck down 10%, just underscoring that it was not a great month for healthcare here.
