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May Gains in Stocks

Listen to a quick, 3-minute summary featuring the market and economic news over the past month.

Highlights include:

  • The S&P 500 Index of the largest U.S. companies rose nearly 5%, the strongest monthly performance since May 2009.1
  • Of the 11 sectors in the S&P 500, Information Technology and Utilities were the best performers in May, while Consumer Discretionary and Energy, the worst-performing sectors, were essentially flat.
  • On a year-to-date basis through May, the S&P 500 has increased 11.3%, risen four of the five months and experienced 24 record highs—a number not seen since 2021.
  • Notably, the three top-performing companies in the S&P 500 Index—Super Micro Computer, Vistra and NVIDIA— have had triple-digit gains in 2024, primarily driven by the enthusiasm around the artificial intelligence development.
  • Other factors driving the ongoing bull market include the continued strength in the economy, robust corporate earnings, the continued low unemployment rate and moderating inflation.

1 Morningstar

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Katharine E.W. Dudley, AIF®
Vice President, Client Advisor

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You are now leaving the Jemma Investment Advisors, LLC Website and will be entering the Charles Schwab & Co., Inc. ("Schwab") Website. Schwab is a registered broker-dealer, and is not affiliated with Jemma Investment Advisors, LLC, or any advisor(s) whose name(s) appears on this Website. Jemma Investment Advisors, LLC is independently owned and operated. Schwab neither endorses nor recommends Jemma Investment Advisors, LLC. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Jemma Investment Advisors, LLC under which Schwab provides Jemma Investment Advisors, LLC with services related to your account. Schwab does not review the Jemma Investment Advisors, LLC Website, and makes no representation regarding the content of the Website. The information contained in the Jemma Investment Advisors, LLC Website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

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