U.S. markets ended the month of May on a higher note, but still in the red as exchange traded fund (ETF) investors followed the old adage “sell in May and go away.” However, some areas came out ahead, including bonds, consumer staples and healthcare.
The Dow Jones Industrial Average dropped 1.9% for the past month. The Nasdaq Composite was down 1.3% and the S&P 500 declined 1.4%.
Among the top performers of the month, iShares MSCI All Peru Capped Index Fund (NYSEArca: EPU), up 4.4%; SPDR Health Care Select Sector Fund (NYSEArca: XLV), up 2.5% and Vanguard Consumer Staples Sector ETF (NYSEArca: VDC), up 2.7%.
Additionally, Treasuries also experienced an uptick in trading, with iShares Barclays 20-Year Treasury Bond Fund (NYSEArca: TLT) up 3.0%.
Max Chen contributed to this article.
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.