Stocks moved higher to start the third quarter.
Despite a surge in coronavirus cases across the country, the market finished mostly higher on Wednesday—the first day of the third quarter, after stocks got a boost from positive coronavirus vaccine news and strong U. S. economic data.
“Seriously, we’re doing this again?” says Vital Knowledge founder Adam Crisafulli of the latest vaccine news. “Investors really need to stop chasing these reports.”
The market closed out its best quarter in decades after finishing higher on Tuesday. Stocks have bounced sharply from their coronavirus recession lows in late March: The Dow surged 18% in the second quarter, its best quarter since 1987.
