Stock Market Up Again, Positive May
May 30, 2009 by Stephen Kersey
Filed under Business
On Friday on the stock market, the heavy action waited until late in the day. With the week and the month coming to an end, the stock market rose nicely. As a result, the stock market was up both on the day and for the month of May.
For the day, the Dow Jones jumped 1.2% to finish at 8,500.3. The Nasdaq was up 1.3% to 1,774.3, while the S&P’s 500 jumped 1.4% to end the day at 919.1. An index of smaller public companies, called the Russell 2000, was up nearly 2% to 501.6.
While May was a good month for the stock market, it wasn’t quite as great as March or April. That said, since the rally began, the Dow Jones, Nasdaq and S&P’s 500 indexes are all up more than 29%.
Most stock market experts agree that June could see a lot of flat activity. A big gain in June would definitely surprise many experts. However, the there aren’t many predictions of the market tumbling back down to the depths we saw a couple months ago.
Wall St. (Image: Flickr)
