Dow, S&P close out May at record highs

[Omaha Steve]

Source: AP-Excite

By KEN SWEET

NEW YORK (AP) — The stock market closed out May mostly higher Friday, sending two out of the three major U.S. indexes to record highs.

Trading was uneven, and indexes moved between small gains and losses for most of the day. A late push higher left the Dow Jones industrial average and Standard & Poor's 500 at all-time highs, but just barely.

May was the best month for investors since February. The S&P rose 2.1 percent for the month, while the Dow rose 0.8 percent and the Nasdaq rose 3.1 percent.

"This market may have been choppy earlier in the year, but the trend is higher," said Karyn Cavanaugh, a market strategist with Voya Investment Management, formerly known as ING Investment Management.

FULL story at link.



Read more: http://apnews.excite.com/article/20140530/us-wall-street-802d07a5cd.html

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Trader John Santiago, right, works on the floor of the New York Stock Exchange Friday, May 30, 2014. Two negative reports on U.S. consumers were pushing stocks lower in early trading Friday. (AP Photo/Richard Drew)

[msongs]

1. the 1% are cleaning up what they didnt grab in 2008 nt

[democratisphere]

2. Just let US know what else we can sacrifice and give up so that wall street investors...

can realize double digit growth. Just keep trying to convince US that LESS is MORE!

[postulater]

3. Is it trickling down yet? I don't feel it. And my civil engineer daughter needs a job.

[DallasNE]

5. First Qtr. GDP Was Minus 1%

The experts talk about the weather and other special circumstance, which likely did have a negative but they are silent on another important cause.

First quarter of 2014 would have been when the biggest negative impact of the government shutdown would have taken place. Memories are short, I guess.

http://blogs.marketwatch.com/capitolreport/2014/05/29/why-economists-arent-freaking-out-about-the-negative-gdp-numbers/

[blkmusclmachine]

4. The 1% are doing damn fine, thank you very much! Everybody else ...

[max shimba]

6. I don`t know if a bunch of wall street bankers getting richer and the US middle class being squeezed

I don`t know if a bunch of wall street bankers getting richer and the US middle class being squeezed ?