By Liz Moyer

Investing.com – U.S. stocks have fallen on the final trading day of each month. The following are the Tuesday midday moves for Tuesday May 31st. 

• Chinese Tech Companies rallied as China began lifting Covid-19 lockdown measures and reported better than expected manufacturing data for May. The shares of Pinduoduo (NASDAQ) rose 7.9%, Baidu Inc rose 4.9% and JD.com Inc rose 6.5%.
• Unilever PLC ADR On Tuesday (NYSE:), shares rose by more than 9% following the addition of activist investor Nelson Peltz to board. Trian Fund Management owns a 1.5% interest in the consumer goods company.
• Amazon.com Inc Stocks of (NASDAQ:) rose more than 3 percent on Tuesday, as investors prepared for Friday’s stock split. Last week, shareholders approved the split of 20 for 1. Currently, shares are trading at $2,386 per share, down 30% this year. 
• Marathon Oil Corporation Stocks of the (NYSE:) rose more than 4 percent as oil prices rose to $120 per barrel Tuesday. Prices are increasing due to Russia’s refusal to import most of its oil products into the European Union.
• American Eagle Outfitters IncShares of (NYSE:) fell 8.8% following Morgan Stanley’s decision to reduce the weight of the apparel manufacturer from equal weight to underweight. The company also set a price target for $8, from $22, in light of the lower guidance of the company and possible downside momentum.
• AMC Entertainment Holdings Inc Stocks in (NYSE) rose by over 5% after optimism that the movie theater market is recovering from weekend blockbusters Maverick: Top Gun Expectations for box office sales were shattered by this movie.