Global Market Square
The U.S. and European stock markets came back with a vengeance in Monday’s session, attempting to erase last week’s losses. The Nasdaq Composite Index shined, adding 190.18 points or 1.41%.
As we have said in the past, inflation fears having become a temporary concern for investors has created significant volatility, creating pressure for the Federal Reserve’s actions. The U.S. financial system has a new problem: the enormous cash tidal wave that may force the Fed to re-examine its policies to keep substantial control of its interest rate policies.
Eurozone Summary for May 24:
- Stoxx 600 closed at 445.07, up 3.17 points, or 0.72%.
- FTSE 100 closed at 7,051.59, up 33.54 points, or 0.48%
- Dax index closed at 15,437.51, up 67.25 points, or 1.41%.
Wall Street Summary for May 24:
- The Dow Jones Industrial Average closed at 34,393.98, up 186.14 points, or 0.54%.
- The Standard & Poor’s 500 closed at 4,197.05, up 41.19 points, or 0.99%.
- The Nasdaq Composite Index closed at 13,661.17, up 190.18 points, or 0.48%.
- The Birling Capital Puerto Rico Stock Index closed at 2,661.66, up 11.20 points, or 0.42%.
- The U.S. Treasury 10-year note closed lower, at 1.61%.
- The U.S. Treasury 2-year note closed lower, at 0.15%.