Despite weakness in the final trading week of May, U.S. large-cap equities posted their best monthly performance since February, with the S&P 500 up 5%, thanks to AI-related optimism boosting Information Technology and Utilities stocks.
Mid and small caps fared similarly to their large-cap peers, with the S&P MidCap 400 and the S&P SmallCap 600 up 4% and 5%, respectively.
Except for Energy, all sectors posted gains, led by Information Technology, up 10%. dashboard-us-2024-05
