Major US indices surged in the second quarter, reversing first-quarter declines and closing at all-time highs.
US stock indices posted strong gains in the second quarter, with the Dow, S&P 500, and Nasdaq all closing at record highs. The Dow rose 12.91%, the S&P 500 climbed 14.87%, and the Nasdaq jumped 21.41%, recovering from first-quarter losses.
Year-to-date, the Dow is up 8.86%, the S&P 500 9.95%, and the Nasdaq 12.79%, while the Russell 2000 leads with a 21.85% gain. Top performers in the Dow included UnitedHealth (+53.26%) and Cisco Systems (+51.39%), while Nike (-21.62%) and Chevron (-19.8%) lagged.
In the Nasdaq 100, Astera Labs soared 340.14%, while Intuit fell 39.62%. The ‘Magnificent 7’ stocks showed mixed results, with Nvidia up 14.73% and Meta down 1.55%.