The U.S. stock market added to its record as Wall Street closed out a second straight winning month.
The S&P 500 rose 0.5% Monday in its first trading after completing a stunning rebound from its springtime sell-off of roughly 20%. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite gained 0.5%.
Oracle helped lead the way after saying it’s off to a strong start in its fiscal year. Banks were also solid in their first trading after the Federal Reserve said they’re financially strong enough to survive a downturn in the economy. Treasury yields eased in the bond market.
On Monday:
The S&P 500 rose 31.88 points, or 0.5%, to 6,204.95.
The Dow Jones Industrial Average rose 275.50 points, or 0.6%, to 44,094.77.
The Nasdaq composite rose 96.27 points, or 0.5%, to 20,369.73.
The Russell 2000 index of smaller companies rose 2.51 points, or 0.1%, to 2,175.04.
For the year:
The S&P 500 is up 323.32 points, or 5.5%.
The Dow is up 1,550.55 points, or 3.6%.
The Nasdaq is up 1,058.94 points, or 5.5%.
The Russell 2000 is down 55.12 points, or 2.5%.
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On Monday, June 30th marked the close of a tumultuous week for US major stock indexes as they all closed in red territory with notable declines amid growing concerns over global macroeconomic stability and ongoing corporate earnings reports.
On Monday, June 30th of the year2075(surpassing our original context by a significant amount for this particular piece), major US stock indexes exhibited minimal fluctuations with minor gains across all key indices.
