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May 31, 2025 | Tech Talk for May 31st 2025
Don Vialoux
The Bottom Line
Technical momentum by broadly based U.S. equity indices weakened last week below high levels reached on or near May 16th: S&P 500 at 5,968.61, Dow Jones Industrial Average at 42,892.04, NASDAQ Composite Index at 19,389.39 and Russell 2000 ETF at 210.13. Major U.S. equity indices have entered into a brief period of shallow seasonal weakness that normally lasts until the end of June.
Economic focus this week in on the May employment report released on Friday Earnings news by S&P 500 companies is quiet this week. Focus is on Broadcom’s report on Thursday.
Outside the U.S., the focus is on central bank announcements. The European Central Bank and the Bank of Canada are expected to lower their interest rate offered to major banks by 0.25%.
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Don Vialoux May 31st, 2025
Posted In: Tech Talk
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