The S&P 500 ended Friday’s
session with its strongest first half of any year since 1998 after reaching
record highs in May on a rally underpinned by the Federal Reserve’s massive
monetary stimulus.
The S&P 500 closed down
for the month of June on concerns that the Fed might begin reducing its
bond-buying program, the benchmark index ended the second quarter with a gain –
marking its first positive second quarter in four years. The Dow
Jones industrial average and the Nasdaq also dipped in June, but
rose in the second quarter.
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