A trader works on the floor of the New York Stock Exchange.
May’s employment report is the big event in the week ahead, as stocks enter the often weak month of June. Stocks are finishing May with a mixed performance. Big cap indexes like the S&P 500 and Dow notched gains. The S&P rose a half percent, and the Dow rose 1.9%. The small cap Russell 2000 was flat, up 0.1%, and the tech-heavy Nasdaq declined 1.5%.
June is not historically a strong month for stocks. Bespoke Investment Group points out that over the past 50 years, the Dow