On a week dominated by GM, a weak dollar, and a rally in the commodities complex, the US markets rallied on Friday, to finish May in positive territory. All three major US indices have closed in the black for 3 positive months in a row.
- The Dow has advanced 20.39% in the past three months, for its biggest 3-month gain since November 1998, when it gained 20.92% over 3 months
- The S&P gained 25.04% for its biggest 3-month gain since June 1933, when it gained 86.5% over 3 months
- The NASDAQ gained 28.78% for its biggest 3-month gain since December 2001, when it gained 30.13% over 3 months
- Since the March 9th lows, the S&P is up 35.86%, the Dow is up 29.83%, and the NASDAQ is up 39.86%
- The S&P 500 is now positive year-to-date, up 1.76%, along with the Russell 2000 just breaking into positive territory for the year, up 0.43%. The NASDAQ Composite is still positive YTD, up 12.51%, while the NASDAQ 100 is up 18.48% YTD
- Of the major US indexes, only the Dow is still in the red for 2009, down more than 3%