Markets drift as traders close out month

Published May 30, 2014 4:00pm ET



LONDON (AP) — Financial markets drifted Friday on the last trading day of the month, when many investors traditionally close out positions.

Sentiment, particularly across stock markets, has been fairly buoyant over the past month primarily because the main U.S. stock indexes have hit a series of all-time highs. Those traders who may have been tempted by the age-old adage to “sell in May and stay away” may be regretting the move.

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