Adios to the month of May! This past month has caused plenty of heartache as the Dow Jones Industrials
However, some storylines that tainted May were not characteristic. JPMorgan Chase, which had by far the worst month of any Dow component in losing about a quarter of its value, traversed through an embarrassing $2 billion loss after Chief Executive Officer Jamie Dimon announced that the banking firm suffered from an "egregious" trading failure.
It doesn't take a giant gaffe to send banking shares crashing to the ground, though, as Bank of America
A messy divorce between Greece and the EU would send shock waves felt around the globe, with the potential of slowing economic growth all through the developed world. Even more, the one country that economists are rallying around with the hope that continued development will help carry the rest of the world, China, let it be known that it's starting to see a slowdown in GDP growth. These fears have sent materials and construction shares tumbling. Alcoa
That's not all
Of course, perhaps the biggest storyline of the month dealt with a non-Dow component, Facebook
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Joel South owns shares of no company listed above. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Facebook. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.