US markets rallied with greater than one percent gains to close higher for the third consecutive month. Stocks shifted between gains and losses for much of the day before bolting upward in the last thirty minutes of trading on no significant news in the final hour of trading. Dow gained 4.06% in May which was noticeably smaller than increases in March and April of 7.35% and 7.73%, respectively. Overall, the Dow is down 3.15% on the year-to-date while the S&P500 etched a small advance of 1.76%. Meanwhile, the NASDAQ leads the three markets with a 12.51% gain on the year as the tech heavy index recovered quickly on the resiliency of technology giants including Google, Microsoft and Apple.
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