The major averages hit record highs in May, with the S & P 500 breaking above 5,300 for the first time.
Historically, the summer months prove to be less robust for the S & P 500.
July is typically a standout month, however, with the S & P 500 posting a 3.27% increase on average.
.SPX YTD mountain The S & P 500 has added more than 11% in 2024.
The S & P 500 tech sector averages a flat performance for June going back a decade.
Persons:
It's, — CNBC's Christopher Hayes
Organizations:
Nasdaq, Dow Jones, CNBC, Tech, Technology, Nvidia