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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

Published Sun, Jul 1, 2018 · 09:50 PM
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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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Dow Jones

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