Evening Market Recap - Thursday, 30-May

US equities finished mostly lower in Thursday trading, though off worst levels. Despite the weak index finish market breadth was positive, with somewhat softer economic data contributing to lower Treasury yields after a notable multiday backup driven by hawkish Fedspeak, oversupply concerns, and firmer data. In macro news, Q1 GDP was revised down to a 1.3% SAAR in the second read from the prior 1.6% flash, with the release pointing to a downward revision to consumer spending.