U.S. stocks ended June and the second quarter higher, even as the broader market closed marginally lower on Monday.
The S&P 500 recorded the fifth consecutive month of gains and the biggest second-quarter gain since 2009.
The benchmark index closed less than a point lower at 1,960.19, gaining 3.9% over the month and 5% over the quarter.
The Dow Jones Industrial Average shed 25.24 points, or 0.2%, to 16,825.96, but gained 1.9% over the past month and 2.2% over the past quarter.
The Nasdaq Composite defied the trend and ended the day 10.25 points, or 0.2%, higher at 4,408.18. The tech-heavy index gained 3.9% in June and 5% over the past quarter.
For the first half of 2014, the S&P 500 recorded a 6.1% rise, the Dow industrials rose 1.5%, and the Nasdaq gained 5.5%. Airline, pharmaceutical, and utilities stocks led advancers during the period, which was marked by the impact of bad weather, a drop in first-quarter gross domestic product and a decline in Treasury yields.
Source: Marketwatch
