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Stocks Are on Course for Best Quarter Since 2020

Major stock indexes are capping their strongest quarter since 2020, driven by a massive rally in chip and tech stocks.

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📍 Aftermath

US stocks closed their best quarter in six years, with major indexes advancing on the final day, driven by a massive chip rally and roaring tech stocks. The strong quarterly performance marked the best quarter since 2020 for the S&P 500 and Nasdaq.

The market now looks to the future, with questions on whether the boom can continue.

Epilogue added 47d ago, after coverage quieted.

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7520Jul 2 01:40Jul 3 17:42 UTC

The story so far

Major indexes advanced on the final day of the second quarter, putting the S&P 500 and Nasdaq on course for their best quarterly performances since 2020. The Dow has reached a record high and posted its strongest first-half performance since 2021.

Coverage from Yahoo Finance, MarketWatch, and the New York Times emphasizes that a massive rally in chip and tech stocks served as a key driver for the gains. While indexes rose, Investopedia notes that oil prices slipped.

Market participants are now monitoring Dow futures, which dipped following the blue-chip index's performance, and reviewing the specific best and worst performing S&P 500 stocks for the quarter according to Barron's.

Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 52d ago.

Sources (9)

The obvious questions

Which indexes are seeing their best quarter since 2020?

The S&P 500 and Nasdaq are reporting their best quarters since 2020.

What sectors drove the recent market rally?

The rally was driven by tech stocks and a massive rally in chips.

How has the Dow performed recently?

The Dow hit a record high and achieved its strongest first-half performance since 2021.

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