Main stock exchange indexes – Dow Jones and S&P 500 have been though its best quarter in last 20 years. Tech Nasdaq Composite grew the most during second quarter and exceeded its record-high quarterly results from 1999. The mentioned indexes of recently terminated quarter increased in more than 25%.
Stocks grew also in the beginning of the week amid warning of Fed chief Jerome Powell and Treasury Secretary Steven Mnuchin. They both reported that the US economy is not recovered yet, and the biggest load on health care system will appear soon. The both mentioned that the role of Fed and the government is to lead 25 million of people through a crisis – those, who haven’t lost their jobs yet. Moreover, the US might be hit by a second wave of the coronavirus pandemic, and then prospects of the US economy to recover would be even worse. However, stocks seem to be more susceptible of good news, such as growing consumer confidence and higher prices of real estate in the US.