Wall Street Ends May with Whimper as Energy Shares Slump

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The S&P 500 wrapped up its third straight month of gains on a flat note on Tuesday as weaker energy shares countered a rise in safe-haven utilities.

The Nasdaq closed higher on Tuesday, and ended up 3.6 percent for the month, the best performance of the three major indexes. The Dow eked out gains for May to notch its fourth straight positive month.

Data on Tuesday showed US consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, while another report showed an ebb in consumer confidence in May. 

Consumer staples ended down 0.49 percent, while consumer discretionary shares fell 0.11 percent.

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