The index has risen by 6.3% in June, according to Refinitiv. This is the best month of the S & P 500 in January – also the best June since 1955 when the index rose by 8.23%.
The S & P 500 ( DVS )
set a record closing high on June 20th. It grew by 3.2% in the quarter and 17% for the year. The Dow
failed to put a final record in June. But it grew by 6.9% for the month, putting it on track for the best profit since January. Dow grew by 14% in 2019.
is also set to have its best month since January and has risen by 6.9 % away this month. Nasdaq is 20% higher in 201
Stocks rose in June in the hope that the Federal Reserve would soon cut interest rates to boost the economy. The strong rally surpassed several bad days caused by geopolitical and commercial worries. The market accepted that average interest rate cuts are on the horizon – stocks have jumped after these comments. Lower interest rates are usually the juices of stocks and make them cheaper for companies to borrow money. However, investors are confident that such a move comes: The expectations for a fall in interest rates in July are 100%, according to CME's FedWatch.
However, this was not a smooth road to the top of the stock. 19659009] On June 25, the Dow and S & P recorded their worst one day drop in almost a month.
Tensions between the United States and Iran flared after Tehran removed a US military unmanned aircraft. Iran said the unmanned airplane had entered the country while the United States said the incident had occurred in international airspace. This has led to concerns about a potential military conflict
Meanwhile, President Donald Trump has denied his threat to Mexican tariffs earlier this month. But the US trade war with China continues. Trump and Chinese President Shi Jinping will meet on the sidelines of the G20 summit that began in Japan. Investors hope the meeting will lead to the next phase of the negotiations.