Adviser Investments Senior Vice President Chris Keith has the market analysis for Thursday, May 30. Major U.S. indexes rebounded slightly, with the Dow Jones Industrial Average and S&P 500 each ticking up 0.2% and the NASDAQ Composite advancing 0.3%. The Commerce Department reported first-quarter economic growth of 3.1%—slightly lower than the previous 3.2% Bureau of Economic Analysis projection. Meanwhile, quarterly net exports added nearly 1% despite ongoing U.S.-China trade tensions. In other news, pending home sales declined for the 16th consecutive month, even as low mortgage rates and a well-employed workforce persist.
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