Wall Street close: Best quarter for US benchmarks since 1998
|- S&P 500 gained 1.5% to 3,100.
- DJIA, added 0.9%, or 217 points, to 25,812.
- The Nasdaq Composite up on a further 1.9% to end at 10,059.
US stock benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998.
The gains on Tuesday but still well below the record high it reached in February's bullish and free of virus ladened trading, before the lockdowns were put in place to fight the coronavirus.
The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, or 217 points, to 25,812. The Nasdaq Composite up on a further 1.9% to end at 10,059.
For the month, the S&P closed up 1.8%, the Nasdaq gained 6%, and the Dow gained 1.7%.
And for the second quarter, the S&P rallied 18%, the Nasdaq soared 29.4%, and the Dow ended higher by 15.6%.
Technology, health care and financial companies powered much of the market's gains on Tuesday, before a report that showed stronger-than-expected improvement in consumer confidence this month, fuelling additional gains.
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.
The path of the economy is highly uncertain
A second outbreak of the coronavirus could force governments and people to withdraw from the economic activity, Jerome Powell, Chairman of the Federal Reserve System, said on Tuesday.
"The path of the economy is highly uncertain," Powell added while testifying before House Financial Services Committee.
Powell speech: Second coronavirus wave could force people to withdraw from economic activity
DJIA levels
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