3 Market Predictions For June

2026-06-01 09:59:10 ET

Trading came to a close for May on Friday. Despite the continued closure of the Strait of Hormuz and much higher prices for key energy and commodity products than at the start of 2026, equities continued to advance last month. For the month of May, the NASDAQ rose just over eight percent, and the S&P 500 climbed five percent and Dow was up around three percent. The State Street Technology Select Sector SPDR ETF ( XLK ) was up some 20% for the month. Approximately $23 billion has flowed into technology ETFs since February. The rest of the sectors of the S&P have largely seen flat to down flows over that time. The S&P 500 has had nine straight weeks of gains now, the fifth time since 1965 this has occurred....

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