Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The S&P 500 experienced a significant rebound in May, with gains ranging from 4.8% to 5.0%, marking its best performance since the Global Financial Crisis. Despite an April correction, the index closed May up 10.6% year-to-date. Various sectors, including Tech and Utilities, showed gains, with momentum leading the way. The Russell 2000 outperformed the Russell 1000 during this period.
S&P500 bounced 5.0% in May, reversing the April sell-off of -4.1%. All 11 sectors gained (but Energy) led by Tech +10.0% & Utilities +8.5%. Momentum was the best-performing group. Russell 2000 (+5.0%) slightly edged out the Russell 1000 (+4.7%). Via BofA securities
"Best May for the S&P 500 in 15 years. Looking at the 10 best monthly returns ever in May showed the future returns were quite impressive. Rest of year up double the avg year (10.5% vs 4.9%) and June up 1.0% on avg vs negative." @RyanDetrick https://t.co/FWU9f2kPI4
After the April correction, markets marched on in May, with the S&P500 up +4.8% -- placing it up 10.6% YTD (11.3% including dividends). Although the index closed down off the daily high, May saw a new all-time monthly closing high: https://t.co/3Fuat5BEqQ https://t.co/0XGSEvb3Dv
