The month of June is shaping up to be the hottest one in generations. On Friday, the S&P 500 notched a record close, its first since April 30, while the Dow Jones Industrial Average finished less than 1 percent short of its all-time peak set last October 3.
How rare his this month been? Recent gains have put the Dow in position to ring up its best June gain of 7.7 percent since 1938, when the blue-chip benchmark surged an eye-popping 24.3 percent on the month.
The S&P 500 index is on track for its best June return, with a gain of about 7.2 percent, since 1955 when it rose 8.2 percent. The Nasdaq Composite Index was on track for a 7.8 percent return in June, but that would merely represent its best June since a 16.6 percent gain back in 2000.
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