MARKET OPEN: Wall Street steams to strongest quarter in more than 20 years

Wed, 01 Jul 2020

The domestic market may track the positive lead from Wall Street, although ongoing concerns about the rising number of covid-19 cases in the US may cap any enthusiasm. Wall Street was on track to end its strongest quarter in more than two decades after data pointed to a recovery in consumer confidence. The Dow Jones Industrial Average was up 0.8 percent at 8am in Wellington, the Nasdaq had added 1.9 percent and the S&P 500 was up 1.5 percent. The Conference Board Consumer Confidence Index increased in June, after virtually no change...

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