S&P 500 Suffers a Steep Fall in May 2019 - Forex News by FX Leaders

S&P 500 Suffers a Steep Fall in May 2019

Posted Monday, June 3, 2019 by
Arslan Butt • 1 min read

May was not a very good month for global financial markets, given the escalating trade tensions between US and China. SPX fell 6.6% in May 2019, the worst return for this month since seven years.

Among the 11 S&P 500 groups, only one – that of real estate – experienced a boost, but that was a result of the yield on the 10-year Treasury notes falling to a 20-month low. Semiconductor companies trading on the S&P 500 with an exposure to Chinese markets suffered the steepest decline last month, most likely over the Huawei blacklisting row.

At the start of the new trading week, SPX is trading at a little above 2750. Analysts expect volatility to reign in stock markets until some positive news regarding trade talks between US and China emerge.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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