US Stocks: A Look at the Market's Performance in May

US Stocks: A Look at the Market's Performance in May

The U.S. stock market has had a positive start in May, with the Dow Jones Industrial Average rising 450 points on Friday. This is a significant improvement from the market's performance in April, which saw the Dow fall by over 1,000 points. The market's upbeat start in May can be attributed to a number of factors, including the economic news and the stocks that performed well on Friday.

Economic News

The U.S. economy continues to show signs of strength, despite the ongoing coronavirus pandemic. The jobs report released on Friday showed that the U.S. economy added fewer jobs than expected, but the report also indicated that the economy is still growing. Investors were optimistic about the possibility of rate cuts this year, which could help to stimulate the economy.

Stock Performance

Apple (AAPL) and Amgen (AMGN) were two of the biggest gainers on the Dow Jones Industrial Average on Friday. Apple shares finished 6% higher after the company announced better-than-expected earnings and a $110 billion stock buyback program. Amgen, which was the biggest gainer on each of the three major indexes, surged nearly 12% after the biopharmaceutical giant posted quarterly earnings that came in ahead of expectations and provided a positive update about trials of its injectable weight-loss drug MariTide.

Conclusion

In summary, the U.S. stock market has had a positive start in May, with the Dow Jones Industrial Average rising 450 points on Friday. The market's upbeat start can be attributed to a number of factors, including the economic news and the stocks that performed well on Friday. Apple and Amgen were two of the biggest gainers on the Dow, and their positive performance can be attributed to their earnings reports and updates on their respective products. Overall, the U.S. stock market appears to be in a positive position heading into the second half of the year.

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Pfizer Inc.
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Fastenal Company
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Gilead Sciences, Inc.
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Gentex Corporation
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Garmin Ltd.
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Henry Schein, Inc.
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Intuit Inc.
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Lam Research Corporation
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Microchip Technology Incorporated
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Harbor
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Marvell Technology, Inc.
12:40 PM
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NetApp, Inc.
12:40 PM
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Paychex, Inc.
12:05 PM
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PACCAR Inc.
12:00 PM
$31.07
PDCO
0.03% ($0.01)
Patterson Companies, Inc.
11:50 AM
$8.34
PTEN
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Patterson-UTI Energy, Inc.
11:50 AM
$165.43
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QUALCOMM Incorporated
11:50 AM
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Ross Stores, Inc.
12:05 PM
$45.16
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Ryanair Holdings plc
12:00 PM
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-0.22% (-$0.15)
Sanmina Corporation
6:26 PM
$75.90
SBUX
0.30% ($0.22)
Starbucks Corporation
6:26 PM
$554.84
SNPS
0.90% ($4.96)
Synopsys, Inc.
6:26 PM
$293.64
SPOT
-1.68% (-$5.02)
Spotify Technology S.A. Ordinary
6:26 PM
$16.33
TEVA
2.09% ($0.33)
Teva Pharmaceutical Industries Limited American Depositary
6:26 PM
$171.31
VRSN
0.90% ($1.52)
VeriSign, Inc.
6:26 PM
$231.27
VRTS
-1.39% (-$3.27)
Virtus Investment Partners, Inc.
6:26 PM
$28.00
XRAY
-0.71% (-$0.20)
DENTSPLY SIRONA Inc.
6:26 PM
$
BRK.B
% (-$)
Berkshire Hathaway Inc. New
$38.42
BAC
0.35% ($0.14)
Bank of America Corporation
6:26 PM
$153.50
PEP
2.95% ($4.40)
PepsiCo, Inc.
12:05 PM
$134.92
ABT
1.31% ($1.75)
Abbott Laboratories
11:50 AM
$532.55
TMO
-0.98% (-$5.28)
Thermo Fisher Scientific Inc
11:55 AM
$218.66
AVGO
-3.56% (-$8.08)
Broadcom Inc.
12:10 PM
$364.26
ACN
-5.35% (-$20.58)
Accenture plc
12:00 PM
$873.68
LLY
0.06% ($0.56)
Eli Lilly and Company
12:05 PM
$210.23
DHR
1.10% ($2.28)
Danaher Corporation
11:55 AM
$89.94
MDT
2.27% ($2.00)
Medtronic plc. Ordinary
11:45 AM
$71.58
NEE
2.05% ($1.44)
NextEra Energy, Inc.
11:55 AM
$202.00
TXN
-0.96% (-$1.96)
Texas Instruments Incorporated
12:00 PM
$458.00
LIN
-0.84% (-$3.90)
Linde plc
11:55 AM
$55.83
BMY
0.07% ($0.04)
Bristol-Myers Squibb Company
11:55 AM
$77.50
WFC
-1.44% (-$1.13)
Wells Fargo & Company
11:45 AM
$154.40
PM
1.87% ($2.83)
Philip Morris International Inc
12:10 PM
$245.55
UNP
-0.85% (-$2.10)
Union Pacific Corporation
11:55 AM
$261.48
IBM
-1.23% (-$3.26)
International Business Machines Corporation
12:00 PM
$131.69
MS
-1.97% (-$2.65)
Morgan Stanley
11:45 AM
$199.83
GE
-4.27% (-$8.91)
GE Aerospace
12:00 PM
$340.04
CAT
-2.61% (-$9.11)
Caterpillar, Inc.
11:50 AM
$974.22
BLK
-1.53% (-$15.16)
BlackRock, Inc.
12:00 PM
$55.05
MO
1.33% ($0.72)
Altria Group, Inc.
12:15 AM
$116.33
UPS
-0.23% (-$0.27)
United Parcel Service, Inc.
12:05 PM
$489.98
DE
-1.17% (-$5.81)
Deere & Company
11:55 AM
$79.65
C
-2.08% (-$1.69)
Citigroup, Inc.
12:00 PM
$440.72
LMT
1.02% ($4.43)
Lockheed Martin Corporation
12:00 PM
$123.29
RTX
-0.96% (-$1.19)
RTX Corporation
11:55 AM
$69.85
FIS
0.00% (-$0.00)
Fidelity National Information Services, Inc.
11:45 AM
$591.79
ISRG
-2.44% (-$14.78)
Intuitive Surgical, Inc.
12:05 PM
$382.78
SYK
-0.94% (-$3.63)
Stryker Corporation
12:10 PM
$80.44
SCHW
-1.70% (-$1.39)
Charles Schwab Corporation (The)
11:55 AM
$299.81
CI
0.04% ($0.13)
The Cigna Group
11:50 AM
$484.24
VRTX
0.81% ($3.91)
Vertex Pharmaceuticals Incorporated
12:00 PM
$227.43
BDX
-0.22% (-$0.50)
Becton, Dickinson and Company
12:00 PM
$533.40
SPGI
-0.38% (-$2.03)
S&P Global Inc.
12:00 PM
$98.84
MU
-4.21% (-$4.34)
Micron Technology, Inc.
12:10 PM
$188.05
PNC
-2.00% (-$3.84)
PNC Financial Services Group, Inc.
11:50 AM
$9.28
F
-1.17% (-$0.11)
Ford Motor Company
12:00 PM
$124.27
TGT
-3.01% (-$3.86)
Target Corporation
11:55 AM
$310.76
ADP
-0.39% (-$1.21)
Automatic Data Processing, Inc.
11:45 AM
$71.80
EL
0.64% ($0.46)
Estee Lauder Companies, Inc.
12:05 PM
$239.17
LOW
-2.94% (-$7.25)
Lowe's Companies, Inc.
11:55 AM
$97.94
COP
-3.98% (-$4.06)
ConocoPhillips
12:00 PM
$267.25
CB
-0.09% (-$0.24)
Chubb Limited
11:50 AM
$64.67
MDLZ
4.02% ($2.50)
Mondelez International, Inc.
3:25 AM
$133.08
EOG
-1.91% (-$2.59)
EOG Resources, Inc.
12:10 PM
$121.11
TJX
-1.52% (-$1.87)
TJX Companies, Inc.
11:55 AM
$4990.64
BKNG
-0.55% (-$27.59)
Booking Holdings Inc.
5:40 PM
$76.65
AIG
0.52% ($0.40)
American International Group, Inc.
12:10 PM
$46.29
GM
-3.34% (-$1.60)
General Motors Company
12:00 PM
$60.00
DAL
-5.88% (-$3.75)
Delta Air Lines, Inc.
11:55 AM
$104.83
ZBH
1.16% ($1.20)
Zimmer Biomet Holdings, Inc.
12:05 PM
$89.47
CL
1.82% ($1.60)
Colgate-Palmolive Company
12:15 AM
$500.28
MCO
-2.22% (-$11.34)
Moody's Corporation
11:50 AM
$81.01
MET
-2.09% (-$1.73)
MetLife, Inc.
11:55 AM
$34.63
HPQ
-0.26% (-$0.09)
HP Inc.
11:45 AM
$38.25
FMC
0.16% ($0.06)
FMC Corporation
12:00 PM
$140.26
KMB
0.93% ($1.29)
Kimberly-Clark Corporation
12:00 PM
$48.19
ADM
3.52% ($1.64)
Archer-Daniels-Midland Company
12:10 PM
$76.69
DG
0.74% ($0.56)
Dollar General Corporation
12:00 PM
$255.91
HUM
-5.67% (-$15.39)
Humana Inc.
11:50 AM