Summary
If you want to talk about a split stock market, May was the perfect example! Technology dominated — and that’s an understatement. Meanwhile, most of the other S&P 500 sectors served up woeful performances. But because Technology has a heavy weighting in the broad-based indices, those indices were able to log minor gains for the month (which is quite an accomplishment).
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Source: https://finance.yahoo.com/research/reports/ARGUS_36642_TechnicalAnalysis_1685617036000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei