* US annual PCE inflation rises 2.7% YoY in April * Dell plunges after lower current-quarter profit forecasts * Trump Media ( DJT ) falls in choppy trading after Trump conviction * Indexes: Dow up 0.7%, S&P down 0.31%, Nasdaq loses 1.26% (Updates to 2:30 p.m. ET) By Abigail Summerville NEW YORK, May 31 (Reuters) - The S&P 500 and...

03:28 PM EDT, 05/31/2024 (MT Newswires) -- Tech stocks fell late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) down 1% and the SPDR S&P Semiconductor ETF (XSD) retreating 0.9%. The Philadelphia Semiconductor index slumped 1.9%. In corporate news, Alphabet's (GOOG) Google ( GOOG ) made sweeping job cuts to its Cloud unit this week, Business Insider reported,...

03:33 PM EDT, 05/31/2024 (MT Newswires) -- Health care stocks rose late Friday afternoon with the NYSE Health Care Index advancing 0.9% and the Health Care Select Sector SPDR Fund (XLV) up 0.8%. The iShares Biotechnology ETF (IBB) eased 0.1%. In corporate news, KalVista Pharmaceuticals ( KALV ) shares gained 3.6% after the company said a late-stage trial of its...

03:22 PM EDT, 05/31/2024 (MT Newswires) -- Energy stocks were higher late Friday afternoon with the NYSE Energy Sector Index adding 1.7% and the Energy Select Sector SPDR Fund (XLE) climbing 1.9%. The Philadelphia Oil Service Sector index rose 1.5%, and the Dow Jones US Utilities index was up 0.9%. West Texas Intermediate crude oil fell 1.1% to $77.09 a...