Good news rallies market to close month, quarter
NEW YORK – Four days, 480 points.
That’s how the Dow Jones industrial average closed the final four days of June. The Dow added more than 150 points on Thursday alone after Greece cleared the final hurdle needed to receive its next installment of emergency loans. A pickup in manufacturing around Chicago also pushed indexes higher.
The weeklong rally began Monday when Nike Inc. reported quarterly results that showed that consumers were spending more than expected. Also this week, a trade group reported that manufacturing in Chicago sped up unexpectedly in June.
Stocks are still below the 2011 highs they reached in late April, when a series of weak economic reports indicated that the U.S. economy was slowing down.
Thank you for visiting Spokesman.com. To continue reading this story and enjoying our local journalism please subscribe or log in.
You have reached your article limit for this month.
Subscribe now and enjoy unlimited digital access to Spokesman.com
Unlimited Digital Access
Stay connected to Spokane for as little as 99¢!
Subscribe for access
You have reached your article limit for this month.
Subscribe now and enjoy unlimited digital access to Spokesman.com
Unlimited Digital Access
Stay connected to Spokane for as little as 99¢!
Subscribe for access
Oops, it appears there has been a technical problem. To access this content as intended, please try reloading the page or returning at a later time. Already a Spokesman-Review subscriber? Activate or Log in