S&P 500 gains for a fourth-straight month | Meme stock AMC's wild week | Inflation is rising

Equities wrapped up May with modest gains.

VIEW IN BROWSER | SUBSCRIBE FRI, MAY 28, 2021 EVENING BRIEF AS OF FRI, MAY 28, 2021 • 04:21 ET DJIA 34529.45 +0.19% +64.81 S&P 500 4204.11 +0.08% +3.23 NASDAQ 13748.74 +0.09% +12.46   Most Active DOW NAME LAST CHG %CHG AAPL 124.61 -0.67 -0.53% INTC 57.12 -0.61 -1.06% MSFT 249.68 +0.37 +0.15% S&P 500 NAME LAST CHG %CHG F 14.53 -0.35 -2.35% GE 14.06 -0.29 -2.02% AAPL 124.61 -0.67 -0.53% NASDAQ NAME LAST CHG %CHG AAPL 124.61 -0.67 -0.53% AMD 80.08 +1.66 +2.12% SIRI 6.25 +0.04 +0.64%   EDITOR'S NOTE Equities wrapped up the month with modest gains. The Dow Jones Industrial average added 66 points on Friday to bring its May gain to 1.9%. The S&P 500 was up slightly Friday and eked out its fourth-straight monthly gain in May, rising 0.6% for the month. The Nasdaq shed about 1.5% this month. Markets are closed on Monday for Memorial Day.  While the U.S. equity market proved calm ahead of the long holiday weekend, a handful of so-called meme stocks popular with retail investors continued to gyrate in volatile trading. AMC Entertainment, for example, began the day up as much as 38% before erasing that gain and closing in the red. Shares of the movie-theater chain saw massive trading volumes evocative of the mania it and GameStop endured in January. The stock doubled this week. Thomas Franck | CNBC Markets and Policy Reporter @tomwfranck TOP NEWS  S&P 500 gains slightly to wrap up 4th straight positive month, sits less than 1% from record high AMC stock erases a 38% rally and turns red in wild trading, ends the week up 116% A key U.S. inflation gauge rose 3.1% year over year, higher than expected Biden budget includes his big-ticket spending plans, would boost health, education funding Costco is seeing inflation abound, impacting a slew of consumer products Jobs report looms in the week ahead, as markets enter the often-weak month of June WHO says Covid origin investigation is being 'poisoned by politics' Senate Democrats prepare to work on Biden infrastructure plan 'with or without' Republicans Senate Republicans block bill to create commission to probe pro-Trump Capitol insurrection Apple gets rare sell rating as New Street downgrades and predicts nearly 30% stock decline   TOP VIDEO Microsoft warns of new hack by group behind SolarWinds attack   CNBC PRO These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says   SPECIAL REPORTS Here's how much money you'll have for retirement if you wait until 30 to max out your 401(k) Health-tech company Doximity files for IPO and says doctors will get up to 15% allocation   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS