Stocks climbed as global markets delivered an upbeat end to a quarter that’s seen equities whipsawed by escalating trade tensions and central-bank hawkishness. Treasuries and the dollar stayed lower after data showed weak consumer spending and strong inflation.
The S&P 500 rose 0.9 percent to 2,740.55 at 11:50 a.m. in New York. It’s up more than 1 percent in June. The Russell 2000 Index added 0.5 percent to cap a fourth monthly advance. The Dow Jones Industrial Average erased a loss in June as Nike rallied.
The S&P 500 Index headed for a third straight monthly gain, buoyed Friday by big banks that promised to return record amounts to shareholders. Nike Inc. rose the most on record after reporting results. Equity advances were tempered by a report President Donald Trump wants to withdraw from the World Trade Organization, though his Treasury secretary walked that back.
Source : Bloomberg