On Friday, major U.S. stock indexes closed a strong week, with the Dow rising 0.9%, the S&P 500 increasing 1.4%, and the Nasdaq climbing 2.4%. For May, the Dow gained 2.8%, the S&P 500 jumped 5.2%, and the Nasdaq surged 8.4%, driven by enthusiasm for artificial intelligence and semiconductor stocks.
Positive investor sentiment was supported by easing inflation concerns and expectations of potential interest rate cuts from the Federal Reserve later this year. Key strong earnings reports from tech leaders and robust demand forecasts contributed to this positive momentum.
Since its upgrade to a Zacks Rank #1 (Strong Buy) on March 30, Hudson Pacific Properties, Inc. (HPP) has seen a 113.9% gain, outpacing the S&P 500’s 19.3% increase. Likewise, FactSet Research Systems Inc. (FDS) returned 23.8% since its upgrade to Zacks Rank #2 (Buy) on the same date.
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