My colleague Sam Millette, senior investment research analyst on Commonwealth’s Investment Management and Research team, has helped me put together this month’s Market Risk Update. Thanks for the assist, Sam!
Equity markets started off strong in May, but volatility later in the month led to a partial pullback. The S&P 500 and Dow Jones Industrial Average (DJIA) indices both hit all-time highs earlier in the month before suffering from volatility. Despite the turbulence along the way, the S&P 500 gained 0.70 percent during the month, and the DJIA saw a solid 2.21 percent return. The Nasdaq Composite fell by 1.44 percent, as the heavy technology weighting led to additional volatility for the index.