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Market Impact: 0.65

Stock Market Today, May 28: Inflation Isn't Stopping This Stock Market Rally

InflationEconomic DataMarket Technicals & FlowsInvestor Sentiment & Positioning

The S&P 500 rose 0.58% to 7,563.63 and the Nasdaq Composite gained 0.91% to 26,917.47, reversing early losses to finish near record highs despite hotter PCE inflation. The Dow Jones Industrial Average edged up 0.05%, indicating a broadly resilient risk-on tape even as inflation data ran firmer than expected.

Analysis

The S&P 500 rose 0.58% to 7,563.63 and the Nasdaq Composite gained 0.91% to 26,917.47, reversing early losses to finish near record highs despite hotter PCE inflation. The Dow Jones Industrial Average edged up 0.05%, indicating a broadly resilient risk-on tape even as inflation data ran firmer than expected.

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