s&p 500
(June 9): The torrid rally in U.S. stocks pushed the S&P 500 into the green for the year as easing lockdowns bolstered economic optimism. The dollar fell.
A jump to a 15-week high on Monday extended the benchmark’s surge from its March low to almost 45%. Energy shares drove the advance as Occidental Petroleum Corp. soared after Bloomberg News reported the company is reviewing options for its Middle Eastern assets. The Nasdaq 100 rose to a record high, and Boeing Co. led gains in the Dow Jones Industrial Average. The dollar posted its longest slide in almost a decade, while Treasuries increased. Oil sank as Saudi Arabia said it wouldn’t continue its additional, deeper output curbs after June.
