S&P 500 Whipsaws at End of Best May Since 1990: Markets Wrap

Volatility gripped stocks in the last stretch of the month, with the market bouncing from its lows as Donald Trump said he expected to speak to Xi Jinping after accusing China of a trade-deal breach.

Following a slide that earlier reached 1.2%, the S&P 500 closed little changed. The gauge notched its best May since 1990, gaining more than 6%. Shorter-term bonds outperformed Friday, though Treasuries saw their first monthly drop this year. The dollar barely budged, while posting a fifth straight month of declines - the longest slide since 2020.