U.S. Stocks Surge to Notch Best Quarter Since 1998: Markets WrapMore
(Bloomberg) — U.S. stocks climbed on the final day of the best quarter since 1998 as investors assessed better-than-estimated economic data amid concern over new coronavirus cases and trade relations with China.
The S&P 500 extended its second-quarter rally to 20% as a report showed consumer confidence posted its biggest increase since 2011. The Nasdaq Composite Index soared 31% in the span, the most since 1999, while the Dow Jones Industrial Average jumped 18% and notched its best quarter in 33 years. Treasuries and the dollar fell. Gold traded near $1,800 an ounce.
After the close of regular trading, FedEx Corp. soared as the economic bellwether used an efficiency drive and a surge in health-equipment deliveries