Margin Debt Up in May
- Share via
From Times Staff Reports
Margin debt outstanding from New York Stock Exchange member brokerages edged up 4.3% in May, as a rebound in share prices encouraged some speculators to boost their bets with borrowed money.
Total margin debt was $174.2 billion at the end of May, up from $166.9 billion at the end of April, the NYSE said Tuesday. The total had risen 1% in April, after plummeting for six consecutive months.
The May total still is down 37% from the record high reached at technology stocks’ peak in March 2000.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
