BAC - June Stock Market Review: Spiking Coronavirus Cases Slow the Reopening Rebound
After rallying by about 25% during April and May, the S&P 500 ended June rather flat. The benchmark index rose by about 1.8%, but still posted its third straight monthly gain. The Dow Jones Industrial Average also finished modestly higher for the month.
Given the small gain, you might think June was a rather tame month in the stock market, but the reality is quite different. After rallying by more than 6% in the first week of the month, the S&P took a dive as the COVID-19 case numbers in many parts of the United States began to spike.
With that in mind, here's a look at some of the most important stories and trends for the month of June.