No May Flowers for Investors

Inflation and oil prices took a heavy toll on equity indices -- and the "June swoon" might bring more of the same

May was a cruel month for U.S. stock investors. The major equity indices took it on the chin as inflation and high oil prices, among other factors, weighed heavily on investor sentiment. The S&P 500 index lost 3.1% (on a price return basis) for the month. The average equity fund dropped 4.2% in May.

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