The S&P 500 and Nasdaq have surged about 15% and 21%, respectively, since the end of March, bouncing back from an Iran war-related slide for their best quarter in six years.
Market Performance
The S&P 500 is up 9.55% this year, while the Nasdaq has gained 12.79%. The Dow rose 2.5% in June, with investors moving away from tech and into financials, healthcare, and industrials.
Despite the June swoon, the S&P 500 and Nasdaq still posted their best quarterly performances since 2020. A rally in semiconductor and memory chip companies’ stocks carried the market, although volatility picked up.
Analyst Outlook
Wall Street analysts remain optimistic, with Barclays raising its year-end target for the S&P 500 to 7,800, implying a gain of 4% across the next six months. However, analysts are vigilant about potential risks, especially on AI bubble concerns.
Original reporting: KRDO (Colorado Springs metro) — read the source article.
