Morgans AM

Morgans AM: Wednesday 1 July 2020


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US stocks rose broadly on Tuesday as Wall Street wrapped up its best quarterly performance in decades. The Dow Jones surged 217 points, or +0.9%, to close at 25,812. The S&P 500 gained +1.5% and the Nasdaq advanced +1.9%. The major averages hit their session high with less than an hour left in the session. The 30-stock Dow ended the second quarter with a 17.8% gain. That’s the average’s biggest quarterly rally since the first quarter of 1987, when it popped 21.6%. The S&P 500 had its biggest one-quarter surge since the fourth quarter of 1998, soaring nearly 20%. Meanwhile, the Nasdaq jumped 30.6% for the quarter, its best quarterly performance since 1999.
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Morgans AMBy Morgans Financial Limited


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