SAN JUAN – The US stock market ended June with slight gains amid one of the most volatile months in memory. However, looking back at this quarter, it has been the best in nearly 20 years, as all indices saw double-digit growth. The performance of the quarter was as follows:
- The Dow Jones Industrial Average rose 4,869.37 points, or 23.25%.
- The S&P 500 Index climbed 629.79 points, or 25.49%.
- Nasdaq Index went up 2,698.19 points, or 36.66%.
- Birling Capital Puerto Rico Stock Index increased by 319.08 points, or 28.21%.
In absolute terms, we can thank the Federal Reserve and the US Congress for acting decisively to avert a more profound economic impact. These surpass those of the great financial crisis.
The continued improvement of U.S. and world economic data, mixed with hope for an economic recovery, has provided investors with the confidence to come back to the markets with gusto.
However, some states have halted reopening plans as they continue to register a rising number of Covid-19 cases.
Market results for June 30:
- The Dow Jones Industrial Average closed at 25,812.88, up 429.77 points, or 1.69%.
- The Standard & Poor's 500 closed at 3,100.29, up 55.98 points, or 1.84%.
- The Nasdaq closed at 10,058.77, up 568.9 points, or 5.99%
- Birling Puerto Rico Stock Index closed at 1,450.22, down 41.38 points, or 2.77%
- The US Treasury 10-year note closed at 0.66%
- The US Treasury 2-year note closed at 0.16%