Markets Rebound Slightly Despite ‘Mexit’ News - Adviser Investments

Markets Rebound Slightly Despite ‘Mexit’ News

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Friday, May 24. After two down days, major U.S. indexes rebounded slightly as U.K. Prime Minister Theresa May’s resignation announcement (aka “Mexit”) had minimal impact on U.S. markets. The Dow Jones Industrial Average rose 0.4% while the S&P 500 and NASDAQ Composite each gained 0.1%. Meanwhile, Foot Locker’s stock fell nearly 17% on the footwear retailer’s forward-guidance reduction and first-quarter earnings and sales shortfall.

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