Anyone who did not “sell in May and go away” has likely enjoyed stock gains — especially in Nasdaq stocks.
Indeed, the S&P 500 Index closed at 1,920 last Thursday, logging its 13th all-time high of 2014.
And as we closed out May, the broad-based benchmark has soared nearly 2%, putting gains since the start of the year at 3.9%.
The Dow Jones Industrial Average, meanwhile, has mostly traded sideways. Still, the blue-chip index was on pace to end May in positive territory. It’s up a modest 0.7% so far in 2014. (more)
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