The US stock market ended May with a strong gain, marking its largest monthly increase since November 2023. The S&P 500 index now stands near record territory, similar to where it began the year. However, concerns about tariffs and job security are growing among households, which may impact the economy’s trajectory in the coming months.
The S&P 500 index saw a significant recovery from its February close, with gains that would have been impossible just a few months ago. This impressive rebound occurred despite several challenges, including tariff-related uncertainty and economic anxieties about jobs. As the market enters June, it is poised to potentially break new records, but investors are taking note of the looming concerns that could affect the industry.
Source: https://www.marketwatch.com/story/stock-markets-haul-in-may-comes-as-tariff-turmoil-and-job-angst-lurk-on-the-horizon-fa05f348