The S&P 500 rose slightly on Friday in light trading heading into the long weekend to post its fourth straight monthly gain amid growing optimism over the U.S. economic recovery.
The S&P 500 ended the session up +0.1% to 4,204.11, sitting just 0.8% from its all-time record high. The DOW gained 64.81 points or +.19% 34,529.45, and the NASDAQ inched up +0.1% to close at 13,748.74.
Both the DOW and the S&P 500 advanced +0.9% and +1.1% last week, respectively, with both indexes breaking a two-week losing streak. The NASDAQ rose +2% to post its best weekly performance since April 9.
For the month of May, both the DOW and the S&P 500 gained +1.9% and +0.6%, respectively, posting their fourth straight monthly gain in a row. However, the NASDAQ suffered a -1.5% loss this month for its first negative month in the last seven months.
Key Levels To Watch Next Week:
- S&P 500 (CME:SP500): 4,236.39
- Dow (INDEX:DJI): 35,091.56
- NASDAQ (NASDAQ:COMP): 13,820.87
- U.S. Dollar (ICE:DX): 90.44
- Gold (NYMEX:GC.M21): 1,881.90
- Crude Oil (NYMEX:CL.N21): 66.17
- Bitcoin (BITCOIN:BITSTAMPUSD): 59,603.00
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
