Tuesday, June 30, 2026

S&P 500, Nasdaq register best quarter since 2020 despite Iran war

S&P 500, Nasdaq register best quarter since 2020 despite Iran war

By Caroline Valetkevitch and Niket Nishant

Tue June 30, 2026  

Q2 has ended with a bang as the Nasdaq and S&P both came in with the best quarter in six years despite all the geopolitical uncertainties. Though tech once again was the leader, even the Dow scored its 2nd record high in two days. The chip index gained 3.9% though concerns over still too lofty valuations and too big capex has today’s expert recommending investors rotate to value sectors such as energy and financials.  

Yet there’s no denying that tech fever continues to dominate and that the market has chosen to be optimistic about a resolution to the war and that’s helped boost stocks too. For the quarter, the Dow is up 13%, the S&P 14.9 and the Nasdaq 21.4%. For the second day, volume came in well below the 23.4 average  closing today at 19.97 billion. 

DJ: 52,182.74  +306.63        NAS: 25,820.14  +522.53        S&P: 7,440.43  +86.41         6/29

DJ: 52,319.20  +136.46        NAS: 26,213.72  +393.58        S&P: 7,499.36  +58.93         6/30

Tue 6-30-26 6:31 pm S&P 500, Nasdaq register best quarter since 2020 despite Iran war | Reuters


No comments:

Post a Comment