Here’s What Happened To The Stock Market On Tuesday
The Dow gained 217.08 points, or 0.85%, to close at 25,812.88. The S&P 500 climbed 1.54% to 3,100.29. The Nasdaq Composite advanced 1.87% to 10,058.77. Stocks ended Tuesday’s session on a high note, adding to their sharp gains for the quarter.
The Dow had its biggest quarterly gain since 1987 and the S&P 500 notched its best quarter since 1998. Both averages went up more than 17% for the second quarter. The Nasdaq logged in its best quarterly performance since 1999. “A combination of 1) Stimulus, 2) Positive trends in the virus, 3) Economic reopenings and 4) Hopes for a vaccine drove stocks higher in Q2,” wrote Tom Essaye, founder of The Sevens Report. Read more…………..
Chart Of The Day
Jeff Mills, Bryn Mawr Trust CIO, and Richard Bernstein, Richard Bernstein Advisors CEO and CIO, join ‘Power Lunch’ to discuss the state of the markets and what they are advising their clients.