U.S. stocks fell Wednesday, but major indexes were on track for monthly gains. The Dow Jones Industrial Average fell 0.2%. The S&P 500 declined 0.2% and the Nasdaq Composite lost 0.3%. Financial stocks in the S&P 500 fell 1.3%,deepening their losses for the month, while the KBW Nasdaq Bank Index of large U.S. commercial lenders shed 1.7%. Overall, U.S. stocks climbed in May as upbeat first-quarter corporate earnings and signs of a steadying global economy helped offset sliding commodity prices and political turbulence in Washington. Major U.S. stock indexes have been relatively placid in recent weeks. The CBOE Volatility Index, or VIX, has posted an average close of 10.89 in May, on track to log its second-lowest monthly average in history. Bucking the trend was the U.S. gold price which rose 0.5% overnight to finish at 1,268.60 US$/oz.
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