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Monthly sector update - June 2024


The S&P 500 advanced 4.8% in May, marking the highest return for the month of May since 2009. All Magnificent 7 components but Tesla had a positive return in May, and the seven stocks contributed more than 60% of the index's return. Utilities kept its positive momentum going, gaining 8.5% during the month, second best among all sectors.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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