The stock market just had its best quarter since 1998 by skleb1234
The stock market finished higher on Tuesday, closing out its best quarter since 1998 despite a rising number of coronavirus cases across the country—as many states pause or walk back reopening plans altogether.The Dow Jones Industrial Average was up 0.8%, over 200 points, on Tuesday, while the S&P 500 rose 1.5% and the tech-heavy Nasdaq Composite gained 1.9%.
The market fell by as much as 0.5% at the open on Tuesday, before cutting losses and turning positive. Stocks got a boost after consumer confidencelast month as states loosened lockdowns, raising hope for an economic recovery. The nation’s three most populous states—Texas, Florida and California—are among those backtracking their reopening processes, closing beaches and bars in some cases.
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