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The second quarter proved to be a bit bumpy for equities, but each of the benchmarks listed here closed the quarter ahead of their first-quarter closing values.  April saw equities close the month ahead of March, buoyed by favorable corporate earnings reports, proposed tax cuts, and strong foreign economic advances.  Nasdaq led the way posting monthly gains of 2.30%, followed by the Global Dow, which gained almost 1.50%.  The large-cap Dow advanced 1.34%, ahead of the S&P 500, which increased close to 1.00% for the month.  Even the small-cap Russell 2000, which has had some rough weeks, closed April 1.05% ahead of its March close.
 
May was a slower month as consumer spending and wage growth were relatively weak, with only 138,000 new jobs added in May, compared with an average monthly gain of 181,000 over the prior 12 months.  Nevertheless, only the Russell 2000 lost value, falling 2.16% from its April closing mark.  Nasdaq continued to surge, ending May with a monthly gain of 2.50%
 
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