Reuters (June 30)
The S&P 500 closed June with a bang, despite posting the first loss in 3 quarters. “Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region’s banks, a pact that helped remove some of the uncertainty that has plagued markets. The broad rally was the S&P 500’s best day since December 20 and helped the benchmark index trim its quarterly loss to 3.3 percent.”
The S&P 500 closed June with a bang, despite posting the first loss in 3 quarters. “Stocks surged on Friday to close out a sour quarter on a high note as investors cheered an agreement by European leaders to stabilize the region’s banks, a pact that helped remove some of the uncertainty that has plagued markets. The broad rally was the S&P 500’s best day since December 20 and helped the benchmark index trim its quarterly loss to 3.3 percent.”
Tags: Banks, Europe, Investors, S&P 500, Uncertainty
