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Stock market on May 19: S&P 500 and NASDAQ extend weakness
Last Friday, equity indices finished lower.
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Last Friday, equity indices finished lower. The S&P 500 rose by 1.24%, and the Nasdaq 100 jumped by 1.54%, while the Dow Jones Industrial Average fell by 1.07%. Since the opening bell, futures on the S&P 500 and NASDAQ have already lost more than 0.5%. European markets are expected to open lower as well. The main driver — as it has been in recent weeks — is the impasse around the Strait of Hormuz, oil above $111/bbl, and inflation that no
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