Stocks slip on Wall Street as messy May comes to a close – The Columbian

NEW YORK (AP) — Stocks ended lower after another wobbly day on Wall Street Tuesday, closing out a rocky month.

The S&P 500 fell 0.6%, having recouped about half of its loss from earlier. The index managed to eke out a tiny gain for May but only after several abrupt swings. Last week the S&P 500 had its biggest weekly gain since late 2020, breaking a seven-week losing streak that nearly brought it into a bear market. Trading has been turbulent in recent weeks amid worries about a possible recession, inflation and rising interest rates. The Dow fell 0.7% and the tech-heavy Nasdaq lost 0.4%.

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