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

 

Overview
Today last price 25584
Today Daily Change 80.00
Today Daily Change % 0.31
Today daily open 25504
 
Trends
Daily SMA20 26092.4
Daily SMA50 24968.12
Daily SMA100 24642.34
Daily SMA200 26275.92
 
Levels
Previous Daily High 25546
Previous Daily Low 24974
Previous Weekly High 26428
Previous Weekly Low 24976
Previous Monthly High 25832
Previous Monthly Low 22788
Daily Fibonacci 38.2% 25327.5
Daily Fibonacci 61.8% 25192.5
Daily Pivot Point S1 25136.67
Daily Pivot Point S2 24769.33
Daily Pivot Point S3 24564.67
Daily Pivot Point R1 25708.67
Daily Pivot Point R2 25913.33
Daily Pivot Point R3 26280.67

 

 

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