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Stock market news for May 28, 2020

Stock market news May 28, 2020

“Rally evaporates in final hour, Dow down 150, social media stocks drop.Stocks started the day higher in what looked like would be another session of strength, but a sell-off late in the day sent the major averages into negative territory and they closed in the red. The move lower was sparked by President Donald Trump announcing that he will hold a press conference on China on Friday as geopolitical tensions rise, prompting some investors to fear that the U.S.-China trade deal may face hurdles.”

Stock market source: https://www.cnbc.com/2020/05/28/stock-market-today-live.html

Stock market closing numbers on May 28, 2020

S&P 500: 3,029.73,-6.40(-0.21%)
Dow 30: 25,400.64,-147.63(-0.58%)
Nasdaq: 9,368.99,-43.37(-0.46%)
Russell 2000: 1,402.02,-34.34(-2.39%)

Stock movers

Norwegian Cruise Line Holdings Ltd. (NCLH) stock fell more than 9%, with a stock price at the close of 16.00-1.59 (-9.04%).

Stocks that were top gainers, top losers and most active:

Stock gainers

ARCA biopharma Inc. (ABIO):19.21, + 15.26 +386.33%
PhaseBio Pharmaceuticals Inc. (PHAS): 6.02,+1.60 +36.20%
Live Ventures Inc. (LIVE): 10.50,+ 2.74 +35.31%

Stock losers

Greenpro Capital Corp. (GRNQ): 1.67, -0.91 -35.27%
China Jo-Jo Drugstores Inc. (CJJD): 2.52, -0.83 -24.78%
Luckin Coffee Inc. ADR (LK): 2.06 -0.53 -20.46%

Most active stocks

General Electric Co. (GE): 6.78, -0.51 -7.00%
Bank of America Corp. (BAC): 24.86, -1.12 -4.31%
ARCA biopharma Inc. (ABIO): 19.21, + 15.26 +386.33%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Utilities were the best performing sector +3.04%, Energy was the worst-performing sctor -2.91%.

U.S. Sectors & Industries Performance for May 28, 2020
U.S. Sectors & Industries Performance for May 28, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.


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