Hopes of a recovery in the markets and with exchange traded funds (ETFs) carried on through May.

For the month, the Dow Jones Industrial Average rose 3.8% for the month. The S&P 500 gained 5.2%, and the Nasdaq rose 3.6%. The top sectors in May were shipping, which jumped 33.9%; the weakest sector was homebuilders, which lost about 12%.

For a complete look at the month of May, click through to view our ETF Performance Report.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.