US stocks rebounded dramatically in the second quarter of the year, bouncing back from historic losses in the first three months of 2020.
The Dow recorded its best three-month gain since the first quarter of 1987, climbing 17.8%.
For the S&P 500, the broadest measure of Wall Street, it was the best quarter since the final three months of 1998 with a 19.9% gain.
The Nasdaq Composite climbed 30.6% in the quarter, its best performance since the last three months of 1999.
What is happening: Optimism over the reopening of the economy and unprecedented stimulus from the government and the Federal Reserve has boosted the market in the recent months, even as Covid-19 infections are on the rise again and economists worry about a second shutdown.
All three indexes also finished June in the green.
Here's where things stand:
- The Dow finished up 0.9%, or 217 points
- The S&P 500 rose 1.5%
- The Nasdaq Composite closed up 1.9%