Published on 31 May 2024 on Zacks via Yahoo Finance
5 ETF Areas That Underperformed in May
Wall Street has experienced a robust upswing in May, driven by fresh expectations of Federal Reserve rate reductions at the initial phase of the month, strong corporate profits, and the artificial intelligence (AI) craze. This month, all three principal indexes soared to unprecedented heights.
The S&P 500 surpassed the 5,300-mark, the Dow Jones Industrial Average reached 40,000, and the Nasdaq Composite Index broke through the 17,000-threshold for the first time. The S&P 500, the Nasdaq and the Russell 2000 have gained about 3.4%, 5.7% and 2%, respectively in the past one month while the Dow Jones has lost 0.3%.