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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
May 29, 2024
Page
13
The Conference Board reports May consumer confidence at 102, up from 97.5 in April, with expectations index rising to 74.6. Despite optimism, recession fears persist with over two thirds seeing some likelihood of a downturn in the next year.
In New York the Trump hush money case ends its presentation with prosecutors arguing a conspiracy and cover up while defense contends Stormy Daniels and the Trump fixer Michael Cohen cannot be trusted. Closing statements stress credibility and the burden of proof as jurors prepare to deliberate on 34 felony counts.
U S equities drift lower on a calm trading day as bond yields tick higher pressure Wall Street. The S&P 500 fell most stocks while Nvidia led gains lifting the Nasdaq to an all time high. Moderna Merck and Vertex retreated as health names dropped, and McDonald s slid after price hikes trimmed investor optimism.
Orsted will pay 125 million to New Jersey to settle claims tied to scrapped offshore wind projects Ocean Wind I and related guarantees. The settlement, part of a broader offshore wind package, channels funds to wind energy facilities and clean energy programs as critics call the deal insufficient.
Local market notes show varied activity as investors track funds and shares. Transactions include U. S. preferred stock movements and weekly fund payouts, with emphasis on charges and performance during the period.
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