Thanks to the strong performance of value stocks, the Dow rose in May, outperforming the S&amp;P.As of the close of the U.S. stock market on May 9th, the Dow rose by 331.37 points, an increase of 0.85%. Since May, the Dow Jones Industrial Average has risen for seven consecutive days, setting a record for the longest consecutive rise since December 19, 2023, with a cumulative increase of 4.16% in May, surpassing the S&amp;P 500's increase of 3.54%.Why is the Dow outperforming the S&amp;P 500 this month?Frank Cappelleri, founder of the technical analysis company CappThesis, told the media: The S&amp;P 500 is weighted by market capitalization of its component stocks, while the Dow is weighted by the price of its component stocks - this means that the higher the stock price, the greater the impact on the index.In addition, Cappelleri also pointed out that the different proportions of industry stocks have also led to the difference in the two indices' performance. Data shows that 30% of the stocks in the S&amp;P 500 are technology stocks, and 13% are financial stocks; while in the Dow, technology stocks account for only 19% and financial stocks account for 24%. This results in technology stocks with relatively high valuations having a greater impact on the S&amp;P than on the Dow.Specifically, the contribution of 30 component stocks to the Dow's May increase:<blockquote>Amgen contributed 255.69 points, followed by Goldman Sachs, Microsoft, UnitedHealth Group, and Caterpillar each contributing over 100 points, with Amazon and Apple contributing over 90 points each.Only three stocks dragged down the increase: Intel (INTC) dragged down by 2.5 points, while Disney (DIS) and McDonald's (MCD) dragged down by 34.82 points and 33.44 points respectively.</blockquote>In contrast, only 80% of stocks in the S&amp;P 500 index saw gains. The worst-performing stocks include EPAM Systems, CVS Health, Qorvo, Expedia, Starbucks, and Norwegian Cruise Line Holdings, all of which fell by more than 10% and are not part of the Dow's component stocks.John Kolovos, Chief Technical Market Strategist at Macro Risk Advisors, said:<blockquote>&#34;The S&amp;P 500 index is undergoing a time adjustment, not a price adjustment, which means that a trading range has been established.&#34;</blockquote>

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Since May, the Dow has accumulated a 4.16% increase, exceeding the S&P's 3.54% gain

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The comeback of "value stocks"! Dow Jones Industrial Average rises for the seventh consecutive time, with this month's increase surpassing the S&P 500 unusually