The stock market is poised for its best May in 9 years—but the coming week is crucial
Indeed, the S&P 500 index (^GSPC) is staged for the best May performance in nine years, boasting a month-to-date return of 2.8% thus far, while the Dow Jones Industrial (^DJI)* also headed for the best May since 2009, according to FactSet data. Back in 2009, the Dow booked a 4.1% return for May as the S&P 500 returned 5.3% that month. The Nasdaq Composite Index (^IXIC)*is the outperformer, on track for a May return of 5.2%, which would represent the technology-tilted index’s best rise for that month since 2005, when it advanced by 7.63%.
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