[June 1] U.S. stocks close out May! Show your May trading results!

U.S. Stock Market

The three major U.S. stock indexes collectively closed lower on Wednesday EST, as the U.S. debt ceiling deal faced a key test in the House of Representatives and unexpectedly strong job market data unnerved investors, although a number of Federal Reserve officials limited the decline in U.S. stocks by stating that they believe rate hikes can be halted for now in June. The Fed's Brown Book said there was a slowdown in hiring and cooling inflation across the United States.

By the close of trading, the Nasdaq fell 0.63%, up 5.8% in May; the S&P 500 fell 0.61%, up 0.25% in May; the Dow Jones fell 0.41%, down 3.49% in May. Among them, the Nasdaq, the S&P 500 index monthly 3 consecutive gains.

Most of the large technology stocks fell, Nvidia closed down 5.68% at $402.95, making the cumulative gain in May narrowed to 36.34%, May 30 had risen to an all-time intraday high of $419.38 and closed at an all-time high of $401.11. Apple, Amazon, Google, Microsoft fell slightly; Tesla rose more than 1%, cumulative gain of 24.11% in May; Nifty, Facebook rose slightly.

AI concept stocks mostly retreated, SoundHound.ai fell more than 2%, Bullfrog AI fell 11%. C3.ai announced Q4 FY2023 results. C3.ai, Inc.(AI)$ plunged more than 22% after the bell due to weaker-than-expected earnings guidance.