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The advance on May 31st was the fourth consecutive day of growth for the S&P 500, which declined 1.4 per cent overall in May, according to Bloomberg.
In an interview with the news provider, Huntington Asset Advisors representative Madelynn Matlock predicted that monetary policy could be soft for a while, allowing stocks in the US to grow.
She said: "There's a roadmap to getting Greece through its crisis. That's why investors are reacting positively. In the US, we got some softening in economic data."
Intel, Apple and General Dynamics were among the top climbers in the S&P 500, posting gains of 1.4 per cent, 3.1 per cent and 4.2 per cent.
A report cited by Dow Jones this week claimed that companies in the US bourse paid 21 per cent more in cash taxes in 2010 than in the previous year.
Posted by Clive Arneil
