Markets continued to grind higher in May as investors looked more favorably on the US economic reopening from sweeping lockdowns to curb the spread of coronavirus.
All three major US indexes gained in May. The S&P 500 rose 4.5%, and the Dow Jones industrial average gained 4.3%. The tech-heavy Nasdaq posted the best performance of the group — it gained nearly 7% during the month, and in early May erased its losses year to date.
The Nasdaq's outperformance is because tech stocks have largely led the market rally from March lows. Investors seem confident that technology companies are well poised to outperform both during the coronavirus-induced lockdowns that began in March, and the ensuing economic downturn.
On eToro, a social trading and investing platform, some of the broader market trends played out with retail investors. Three out of the top five stocks that were traded globally on the platform in May belonged to the technology sector, the company told Business Insider.
Here are the top five most popular stocks traded on platform eToro in May, ranked in order of least to most popular.
Read the original article on Business Insider