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S&P 500, Nasdaq post best quarter since 2020 despite Iran war

The S&P 500 and Nasdaq posted their best quarter since 2020 as easing oil prices and resilient job openings supported trading.

  • The Dow Jones Industrial Average added to another record on Tuesday as the Nasdaq climbed 1.5% and stocks gained 0.8%, trimming losses from a rocky June.
  • Despite June weakness, stocks are on track for their best quarter since six years ago, when they rocketed out of the COVID pandemic crash.
  • Nvidia rose 2% and Microsoft gained 0.6% as artificial-intelligence stocks strengthened, while Oracle fell 0.8% to bring its June decline to 35% and Concentrix tumbled 13.1%.
  • Japan's Nikkei rose as the Japanese yen dropped near a 40-year low, while Germany's DAX returned 1.5% and South Korea's Kospi climbed 1%.
  • Treasury yields rose to 4.41% as Brent crude fell 1.1% to $73.12, with higher rates and expensive oil fueling speculation the Federal Reserve may increase rates.
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Despite the tensions in the Middle East, the US stock exchanges close a strong quarter. The broad S&P 500 and the technology-loaded Nasdaq record the largest quarterly profits since 2020. Dow Jones is the leading index for the strongest quarter since 2022.

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Reuters broke the news in New York, United States on Tuesday, June 30, 2026.
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