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<h2>Dow Caps Off Best Quarter Since 1987 As Strong Economic Data Drives Gains</h2> <img width="300" height="191" src="https://icarussignals.com/wp-content/uploads/2020/07/Dow-Caps-Off-Best-Quarter-Since-1987-As-Strong-Economic-Data-Drives-Gains-300x191.png" alt="Dow Caps Off Best Quarter Since 1987 As Strong Economic Data Drives Gains" srcset="https://i0.wp.com/icarussignals.com/wp-content/uploads/2020/07/Dow-Caps-Off-Best-Quarter-Since-1987-As-Strong-Economic-Data-Drives-Gains.png?resize=300%2C191&ssl=1 300w, https://i0.wp.com/icarussignals.com/wp-content/uploads/2020/07/Dow-Caps-Off-Best-Quarter-Since-1987-As-Strong-Economic-Data-Drives-Gains.png?w=440&ssl=1 440w" sizes="(max-width: 300px) 100vw, 300px" /> <p>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. Read more………….
Chart Of The Day
CNBC’s “Squawk on the Street” crew discusses how the markets are being impacted by the surge of Covid-19 cases in parts of the United States and how investors are approaching the situation.