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Evening Market Recap - Thursday, 28-May
Published 1 week, 6 days ago
Description
US equities were higher in Thursday trading. Stocks were up and yields were down with the market considering the latest updates around the US/Iran, including an earlier report that stated that a deal on 60-day ceasefire has been reached, but has yet to be signed off on by Trump. Momentum trades returned to market leadership position after slight weakness Wednesday as AI optimism narrative remains intact, while software got a boost from positive takeaways from the latest earnings releases.