Wall Street Capped Exceptional Quarter: Dow Jones Recorded Its Biggest Profit In 33 Years

| |

On the last day of the month, the Dow Jones advanced 0.8% to 25,811.65 points, the Nasdaq 1.9% to 10,058.77 units and the S & P500 1.5% to 3,100.29 points.

Europe

European stocks closed June with their highest quarterly rise since March 2015 on bets that the worst of the economic damage caused by the coronavirus crisis has already ended.

After finishing this Friday with a marginal rise of 0.1%, the pan-European STOXX 600 index accumulated a 12.6% gain in the second quarter of 2020, thanks to unprecedented stimuli, expectations of a Covid-19 vaccine and a relative reduction in cases on the continent.

However, the referential it still exhibits a loss of 13.6% so far this year.

This Friday, the increases were led by the technology, mining and real estate sectors.

Disparities were observed between the main European stock markets. Shares in Frankfurt gained 0.6%, while the British FTSE 100 lost 0.9% after data showing that the territory’s economy had its biggest contraction since 1979.

A rebound on Wall Street also helped boost investor confidence, even as several US states made a record jump for new Covid-19 infections.

In recent weeks, financial markets have been torn between fears of a resurgence in contagion globally, and positive economic data. That indecision has slowed the recovery rate of the stock markets during June.

“We think that a new panic is unlikely in the financial markets, even if coronavirus cases continue to rise,” analysts at Capital Economics said.

“The main risk to our upturn forecast is that the latest outbreaks slow down the economic recovery in the US,” he added.

.

Previous

the results and qualify of the first round

The artistic community is divided among itself about Yusef al-Sharif because of “Boses and hugs” – the seventh day

Next

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.