Rampart Street may have taken a beating at the end of May amid trade-related concerns and suspects around political uncertainty in Italy, but that didn’t stop big U.S. stock indexes from recording their best month since January.
The Dow Jones industrial common advanced 1.05 percent and the S&P 500 rose 2.16 percent for the month, but that paled in contrasting to the tech-heavy Nasdaq composite’s 5.32 percent monthly gain.
But not Harry has a rosy outlook for the stock market this year, with Citi’s Chief U.S. Objectivity Strategist Tobias Levkovich forecasting a choppy year ahead. Levkovich has a year-end objective of 2,800 for the S&P.
U.S. stocks closed higher on Friday on the back of a better-than-expected May proceedings report: The Dow closed up 0.9 percent, the S&P added 1.08 percent and the Nasdaq arrive ated 1.51 percent.