NEW YORK – The U.S. stock market finished May with the biggest monthly gain since February as the main benchmarks ended the week higher. Friday's trading on Wall Street was lackluster as investors were cautious after disappointing reports on personal income, spending and consumer sentiment. Marginal gains on the S&P 500 helped the benchmark close at a record level for the 14th time this year. The large-cap index closed 3.44 points, or 0.2%, higher at 1,923.48. The measure added 1.2% over the past week and is 2.1% higher over the past month. The Dow Jones Industrial Average closed at a record level, adding 18.37 points, or 0.1%, to 16,717.11. The blue-chip index gained 0.7% over the week and rose 0.8% over the month. The Nasdaq Composite ended the day down 5.33 points, or 0.1%, at 4,242.62, but it still recorded a 1.4% over the past week. A 3.1% gain over the past month was the first monthly advance in 3 months.
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