
Global Market Commentary: Second Quarter 2021
Global equity markets had a choppy second quarter, but when the final Wall Street-bell chimed on June 30th, global markets had turned in solid performance numbers on their way to new record highs.
Global equity markets had a choppy second quarter, but when the final Wall Street-bell chimed on June 30th, global markets had turned in solid performance numbers on their way to new record highs.
The themes that drove the markets were positive economic data, talk of another stimulus package and the first COVID vaccines being distributed around the world. Yes, there was more election noise throughout the month, but that played less of a role versus the month before.
The third quarter of 2020 was Global equity markets continued their rebound from earlier this year, despite struggling in the final month of the quarter. Among the S&P 500, 70% of stocks had gains in the third quarter. And of the 30 companies in the DJIA, 24 of the 30 were positive this quarter too.
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Global equity markets continued their rebound from the dismal first quarter of 2020 and by the time the second quarter closed, the major U.S. indices had marched to record quarterly gains.