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U.S. Stocks Cap Best Quarter in Two Decades as S&P 500 Hits 3,100


Wednesday, 1 July 2020 03:22 WIB

DOW JONESS & P 500Nasdaq Composite


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U.S. stock indexes finished higher on Tuesday, capping the best quarter for Wall Street in around 20 years, after strong economic data helped to offset concerns around a rising COVID-19 tally in the U.S.

The S&P 500 gained 1.5% to 3,100. The Dow Jones Industrial Average rose 0.9%, or 217 points, to 25,812, based on preliminary numbers. The Nasdaq Composite climbed 1.9% to 10,059. For the month, the S&P is up 1.8%, the Nasdaq gained 6%, and the Dow gained 1.7%. And for the second-quarter, the S&P jumped 18%, the Nasdaq soared 29.4%, and the Dow rose 15.6%.

Market participants parsed joint testimony from Powell and Mnuchin about the U.S.'s economic response to the global public health disaster on Tuesday. In economic data, the Case-Shiller house price index rose 4% on an annual basis in April. Meanwhile, the index of consumer confidence rose to 98.1 this month from a revised 85.9 in May.

Source : Marketwatch


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