Traders on the floor of the New York Stock Exchange.
Wall Street wrapped a roaring June and first half of the year as investors cheered the prospect of simpler monetary policy from the Federal Reserve and expected clarity on trade relations between the United States and China.
Industrial average for Dow Jones accounted for 7% this month and has its best June performance since 1938, as it increased by 24.3%. Caterpillar, Apple and Goldman Sachs ran Dow's winnings in June and the rally more than 1
S & P 500 had its best first half since 1997 -time high. All 11 of the S & P 500 sectors increased in the first half, and technology is rising more than 25% to lead the win. Energy was the market's laggard in the first half, rising only 6.6%.
A subset of the technology room that shone this month was semiconductor holdings. VanEck Vector Semiconductor ETF (SMH) – one of the most followed ETFs for chip stocks – skyrocketed more than 12% in June, and recognized its biggest one-month win since September 2010.
The semiconductor inventory came out with a 15, 5% drop in May, but as trade tensions between China and the US ratcheted up. Investors are turning their eyes to the Osaka, Japan G-20 Summit, which Chinese President Xi Jinping and President Donald Trump are scheduled to face and discuss trade.
Gold also increased more than 7% in June as the dollar fell and the Fed opened the door for a potential price decline in July. The precious metal's gain in the month was greatest since June 2016, as it jumped over 8%.
Meanwhile, the oil price rose with increasing tension between Iran and the US The tension between the two countries escalated after an American drone was shot down earlier this month. Iran claimed that the drone flies over the Iranian airspace and violated international law, while the United States disputes these claims.
West Texas Intermediate futures increased more than 8% in June, the largest month's rally since January, as it rose 18.5%.
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