Overview

• The S&P 500 climbed 6.15% in May, its largest monthly advance since November 2023, ending a three-month losing streak.
• The Nasdaq Composite surged 9.56% for the month, marking its best performance since late 2023 and extending its rebound from April lows.
• A U.S. Court of International Trade ruling to halt Trump’s import levies was paused by a federal appeals court, temporarily reinstating tariffs at about 15%.
• S&P 500 futures fell 0.1% and Nasdaq-100 futures dropped 0.2% Sunday as investors reassessed trade-policy risks.
• Traders are holding bets on a Federal Reserve rate cut in September and await Friday’s May nonfarm payrolls report for further economic guidance.