US stocks hit best quarter in two decades as S&P 500 hits 3,100

US stock indices ended higher on Tuesday, crowning the best quarter for Wall Street in about 20 years, after sound economic data helped offset concerns over a COVID-19 surge in USA The S&P 500 SPX,
+ 1.54%
It gained 1.5% to 3,100. The Dow Jones Industrial Average DJIA,
+ 0.84%
it increased 0.9%, or 217 points, to 25,812, based on preliminary numbers. The Nasdaq COMP Compound,
+ 1.87%
It rose 1.9% to 10,059. For the month, the S&P rose 1.8%, the Nasdaq gained 6%, and the Dow gained 1.7%. And for the second quarter, the S&P rose 18%, the Nasdaq soared 29.4%, and the Dow rose 15.6%. Market participants analyzed Powell and Mnuchin’s joint testimony about the United States’ economic response to the global public health disaster on Tuesday. In economic data, the Case-Shiller Home Price Index increased 4% annually in April. Meanwhile, the consumer confidence index rose to 98.1 this month from a revised 85.9 in May.