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The first trading day of June got off to a muted start at the opening of the stock market today.
Shortly before noon, the Dow Jones Industrial Average added 34.66, or 0.23%, to 15,150.23. The Standard & Poor's 500 Index slipped 6.42, or 0.39%, to 1,624,32. The Nasdaq gave back 33.87, or 0.98%, to hit 3,422.04.
Market participants were hoping for a rebound in today's stock market following Friday's steep sell-off.
Jitters over tumbling Japanese stocks and worries about the Fed winding down its market-supportive bond-buying program sent stocks spiraling Friday, the last trading day of May.
The Dow tumbled 208.96, or 1.36%, to 15,115.57, ending the week off 1,987.53, or 1.23%. Yet the blue-chip benchmark still finished May up 1.86%, logging six straight months of gains. The Dow has risen 17 of the past 20 months – its longest streak of gains.
The S&P 500 also rose in May for the first time since 2009. It also enjoyed its best performance since January. Up for seven consecutive months, the S&P has logged gains in 15 of the past 18 months.