Dow Jones and the S&P 500 posted gains on trading days in the II/2020 quarter. With this increase, the Dow Jones Index posted a total growth of 18% during the April-June 2020 period and became the highest quarterly increase since 1987. One of the driving factors was the US Consumer Confidence Index (CCI) which surged in June to 98.1 from 85.9 in the previous month.
Domestically the JCI movement will be largely influenced by the release of June inflation data. Meanwhile, yesterday’s SUN bond auction results which are still in line with the government targets can also give positive impact to the exchange.
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