U.S. Major Indices Rally Sharply on May 20
Key takeaways
- The S&P 500 rose 1.08% to 7,432.97, Nasdaq Composite gained 1.54% to 26,270.36, and Dow Jones Industrial Average jumped 645 points or 1.31% to 50,009.35.
- Gains were driven by easing oil prices, lower Treasury yields, and optimism over potential resolution of Middle East conflict.
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Big U.S. stock indexes rose today, meaning shares in many large companies gained value.
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