Three wild months on Wall Street: Stocks hit record highs, dollar stumbles to historic lows
CNN
US stocks on Monday opened higher, set to cap off a strong month and a remarkable second quarter for Wall Street.
US stocks on Monday opened higher, set to cap off a strong month and a remarkable second quarter for Wall Street. The Dow opened higher by 212 points, or 0.48%. The broader S&P 500 rose 0.34% and the tech-heavy Nasdaq Composite gained 0.46%, rising to intraday record highs. The S&P 500 and Nasdaq on Friday both hit all-time highs, and the indexes were set to notch another record on Monday. The market is set to finish the second quarter on a high note, posting a major rebound after a dismal first quarter. After tumbling in March and April as President Donald Trump’s tariff policy shocked Wall Street, stocks then recovered their losses across May and June. At the halfway point into the year, the mood is remarkably different from three months ago. Investors have cheered as stocks have swiftly recovered to fresh highs and volatility has subsided. Yet stocks are now relatively expensive and the economic backdrop remains uncertain, leaving questions about what catalyst might push markets higher. Wall Street this week will focus on new monthly data on job growth in June, set to be released on Thursday. Markets will be closed on Friday for the Fourth of July holiday.
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