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Dow Jones Index Closed Up 182.60 Points, Rose 0.36%, At 50644.28 On Wednesday, 27 May.. S&P 500 Index Closed Up 1.24 Points, Rose 0.02%, At 7520.36 On Wednesday, 27 May.. NASDAQ Index Closed Up 18.55 Points, Rose 0.07%, At 26674.73 On Wednesday, 27 M

2026-05-28

Dow Jones Index Closed Up 182.60 Points, Rose 0.36%, At 50644.28 On Wednesday, 27 May.. S&P 500 Index Closed Up 1.24 Points, Rose 0.02%, At 7520.36 On Wednesday, 27 May.. NASDAQ Index Closed Up 18.55 Points, Rose 0.07%, At 26674.73 On Wednesday, 27 May..

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2026-05-27

Ed Yardeni, senior market strategist at Yardeni Research, dismissed concerns that US stocks are in a bubble, saying the current rebound is driven by "Fabulous Earnings Momentum" (FEMO) rather than speculation. He said if the US economy can avoid a re

Ed Yardeni, senior market strategist at Yardeni Research, dismissed concerns that US stocks are in a bubble, saying the current rebound is driven by "Fabulous Earnings Momentum" (FEMO) rather than speculation. He said if the US economy can avoid a recession over the next few years, the S&P 500's current forward P/E of about 20–22x looks reasonable. Yardeni coined the term FEMO to distinguish the present advance from "FOMO" (fear of missing out), which he described as hope- and speculation-driven rather than fundamentals-driven. He conceded that outsized recent gains in some semiconductor names give the market a "melt-up" feel. Under a "roaring 2020s" scenario, he expects the S&P 500 could reach 10,000 before 2030, implying roughly a 33% rise from current levels. Year-to-date he has observed only one notable sell-off, in March, and he said another similar sell-off is unlikely before year-end. His FEMO thesis also underpins his 2026 S&P 500 target of 8,250, which ranks highest among analysts tracked by Bloomberg.
2026-05-28

On May 27 (Wednesday) the Dow Jones Industrial Average closed up 182.60 points (+0.36%) at 50,644.28; the S&P 500 Index closed up 1.24 points (+0.02%) at 7,520.36; the Nasdaq Composite Index closed up 18.55 points (+0.07%) at 26,674.73.

On May 27 (Wednesday) the Dow Jones Industrial Average closed up 182.60 points (+0.36%) at 50,644.28; the S&P 500 Index closed up 1.24 points (+0.02%) at 7,520.36; the Nasdaq Composite Index closed up 18.55 points (+0.07%) at 26,674.73.
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