In June, the market and exchange traded fund (ETF) rally that began on March 9 began to show signs of losing steam most days. Aside from the June slowdown, though, it was the best quarterly performance the markets have seen in awhile.
The Dow Jones Industrial Average ended the month down 0.6%. The Nasdaq gained 2.9%, while the S&P 500 ended flat. For the quarter, it was a rosier picture: the Dow rose 11%, the Nasdaq jumped 19.4% and the S&P 500 gained 15.2%.
For June, the top sector was biotechnology, which gained 7.6%. Internet infrastructure was the weakest, losing 14.7%. For the quarter, the top sector was coal, which gained 68%. Natural gas was the weakest, down 8.8%.
For the full rundown for the second quarter and the month of June, be sure to read our June ETF Performance Report.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.