Stocks close out May with monthly gains, Dow up by 575 points

The Dow Jones Industrial Average (^DJI) closed out the last trading day of May by closing 575 points intraday. In the shortened trading week, the S&P 500 (^GSPC) fell by 0.51% while the Nasdaq Composite (^IXIC) fell 1.10% in the last four days.

Market Domination Overtime's Julie Hyman reviews the day's market performances, while Yahoo Finance Senior Markets Reporter Jared Blikre breaks down the monthly performance for sectors and the three stock market averages.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

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We got a big old updraft here at the end of the session for the Dow in particular, finishing higher by 583 points.

That's good for a game of about 1.4% and I know Jared is going to go through the monthly numbers.

But if you look at the week here still down on the week by about a percent for the Dow, the S and P 500 also a little bit of a pop up here at the end of the day it actually was negative for much of the session, finishing higher by 8/10 of 1%.

Actually, I should be looking at the four day not the five day, shouldn't I?

Because this is a short week, uh, still the S and P 500 down about a half percent on the week.

The NASDAQ on the week down more, about a percent on the day.

It too, had a surge at the end, but not enough very, very close, but not enough to bring it into the green on the day Jared.

As I noted earlier, we had well, the 10 years on there somewhere, the 10 year yield.

Oh, my aim was good and a half percent 4.51% on the day here.

Jared.

Yeah, it was really interesting.

We saw this late day hockey stick rally and let's go back to the Wi Fi Interactive and I'll chart some of that for us.

There's today.

I'm going to pull up the month to date.

And it wasn't the greatest month for the Dow.

And in fact, the Dow peaked mid month, sold off pretty heavily over the last 10 sessions or so.

But you take a look at the NASDAQ very different story for the month of May 6 point 8%.

So this is the best May for the NASDAQ composite since the year 2003.

So, uh, pretty impressive to see that, uh, kind of rabbit got pulled out of the hat at the very end of the day there because we're about to miss that S and P 500 somewhere in the middle up about 5%.

Um, and when you take a look inside the price action, what went on within the indices and within the sector is really fascinating to see how things changed over the month.

So here we have.

This is just today energy in the forefront of 2.5%.

Let me show you month.

Today we had 22 days in this month and utilities was the number one sector.

We've seen that becoming the new A I trade And guess what tech not to be left out is number two at 7.1%.

Then you have communication services.

So that's meta and alphabet.

And then you have real estate, all of those outperforming.

But what happened over the last seven sessions at the S and P 500 peaked and then sold off a bit, uh, only communication services in the green And we saw tech take a massive hit led to the downside by software.

So let me show you what happened in software over the last seven days, and that looks pretty bad.

But when you take a look at the month overall, uh, not bad at all.

In fact, you can see, uh, a little more red than green.

But you do have some big winners there.

If I show you the same thing in semiconductors you have overwhelmed in green here and that's led by NVIDIA.

NVIDIA couldn't save the, uh couldn't save the S and P 500 from a red close that one day.

But it's definitely been doing a lot of the leg work here.

When you take a look at a profitable tech for the month, that was, uh, that took quite a bat there.

Some exceptions, you have exchanges doing well.

So Robin Hood, excuse me?

United Exchange brokers doing well.

So Robin Hood up there and then Coinbase, which is both an exchange and a broker did well as well.

You see, Beam Therapeutics kind of in the middle up 12%.

Uh, we also saw meme stocks take off at the beginning to the middle of the month.

And let's just see what they did.

How they rounded out looks like Gamestop ended up, May up 100% cost right there with it up over 100%.

And let's see if I can find a MC not seeing a MC.

Here we go 48.5% for the month of May and then still down 28% for the year