How Major US Stock Indexes Fared June 30
Wall Street rallied to cap a winning week, month and first half of the year after reports suggested pressure on inflation may be easing.
The S&P 500 jumped 1.2 percent Friday to reach its highest level since April 2022. It surged 15.9 percent in the first half of the year.
The Dow rose 0.8 percent and the Nasdaq composite added 1.4 percent.
The market has rallied through 2023 in part because the economy has been able to avoid a long-predicted recession. Wall Street hopes inflation is easing enough for the Federal Reserve to soon halt its hikes to rates.
On Friday:
The S&P 500 rose 53.94 points, or 1.2 percent, to 4,450.38….
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