US stocks rose on Tuesday as better-than-expected economic data outweighed mounting concern over a second wave of COVID-19 cases.
The Dow Jones industrial average’s 18% gain in the three-month period from April through June marked the index’s best quarterly return since 1987.
US consumer confidence jumped in June the most since 2011, exceeding economist forecasts.
Coronavirus cases continue to climb in multiple US states, leading to new restrictions and rollbacks of reopening phases.
on Business Insider.

US stocks rose on Tuesday as better-than-expected economic data outweighed mounting concern over a second wave of COVID-19 cases.

The Dow Jones industrial average’s 18% gain in the three-month period from April through June marked the index’s best quarterly return since 1987. Meanwhile, the S&P 500 saw its best gain since 1998 during the period, while the Nasdaq capped off its best quarter since 2001.

Equities got a lift from data showing US consumer confidence jumped in June by the most since 2011, exceeding consensus economist forecasts.

Here’s where US indexes stood at the 4 p.m. ET market close on Tuesday:

S&P 500: 3,100.29, up 1.5%
Dow Jones industrial average: 25,812.88, up 0.9% (217 points)
Nasdaq composite: 10,058.77, up 1.9%

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Source:: Businessinsider – Finance

      

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