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The stock market today (Tuesday) paused after kicking off the week with strong, across-the-board gains that took the Standard & Poor's 500 Index to an all-time closing high.
The S&P rose 11.37 points Monday, or 0.7%, to close at 1,593.61, a hair above the index's April 11 record of 1,593.37. The Nasdaq tacked on 27.76 points, or 0.8%, to 3307.02, its highest close since 2000. The Dow Jones Industrial Average climbed 106.20 points, or 0.7%, to 14818.75, inching closer to the anticipated 15,000 milestone.
Shortly before noon Tuesday, stocks took a breather. The Dow dipped 32.62 points, or 0.22%, at 14,786.13. The S&P slipped 1.95, or 0.12%, at 1,591.66. The Nasdaq notched a gain of 5.2%, or 0.16%, at 3,312.
As markets march into May, trading is expected to slow. The old "sell in May and go away" adage has many preaching caution. Bespoke Investments reports two of the ten worst months of May in S&P's history have occurred during the current bull market (2010 and 2012).