Major US stock indexes end Q2 with modest gains
Rebound comes as traders bet on ceasefire in the trade war for the Fourth of July holiday
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A REBOUND late last week allowed major US stock indexes to finish the second quarter with modest gains as traders bet that there would be a ceasefire in the trade war for the Fourth of July holiday.
Major indexes could soon retest their 2018 lows unless jobs data this week and second-quarter earnings from banks the following week exceed expectations.
A rally on the Dow Jones Industrial Average petered out last Friday around 24,270 after surprisingly strong inflation data drove up expectations of Federal Reserve rate hikes.
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