Monday, July 1, 2019

The Blazing First Half

With a gain of about 6.9 percent, the S&P 500 index notched its best June since 1955, when the benchmark rose 8.2 percent. The Dow Jones Industrial Average put up its best June gain of 7.2 percent since 1938 when the blue-chip benchmark surged 24.3 percent.

That capped off the best first half of a year since 1997 for the S&P, rising 17.3 percent. All 11 of the S&P 500 sectors rose in the first half of the year, with tech rising more than 26 percent to lead the gains. Energy was the market’s laggard in the first half, rising just 7.1 percent.

Meanwhile, the Dow Jones industrial average registered a 14 percent gain. But that trailed the Nasdaq composite index, which led everybody with 20 percent.

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