US markets are on a roll and have given investors a reason to celebrate with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all finishing for the fifth consecutive quarter.
|Me: DJI||MEDIUM DOW JONES||34502.51||+210.22||+ 0.61%|
|SP500||S&P 500||4297.5||+5.70||+ 0.13%|
|I: COMP||NASDAQ COMPOSITE INDEX||14503.953393||-24.38||-0.17%|
The Dow Jones Market Data Group released its statistics for the end of the first half on Wednesday, showing that the Dow Jones finished up 12,585.35 points, or 57.42%, in the past five quarters, marking the largest five-quarter percentage gain since 1976. This is its longest winning stretch since the fourth quarter of 2017, when the market has climbed for nine consecutive quarters.
Meanwhile, the S&P recorded its biggest five-quarter percentage gain since 1936, climbing 1,712.92 points, or 66.27%, in the last five quarters. The news comes as the index hit an all-time high on Wednesday for the fifth day in a row.
S&P RALLY TO REGISTER AS THE FIRST HALF CUP
Over the past five quarters, the Nasdaq has posted a whopping 88.36% gain, up 6803.85 points and closing June up 5.49% – its highest monthly gain since December.
The long period of gains continues despite concerns over inflation amid trillions of additional and ongoing government spending, and some concerns about whether the Federal Reserve will raise interest rates the most. early as possible as the economy recovers from the coronavirus pandemic.