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International Business Times
International Business Times
Business
Matias Civita

S&P 500 Stumbled in June, but Wall Street Charts Still Point to More Gains

The S&P 500 posted its first monthly decline since March, ending a powerful stretch that had lifted equities to record highs, but still delivered a gain of more than 14% during the second quarter. (Credit: Michael M. Santiago/Getty Images)

The S&P 500 lost a three-month winning streak in June, but numerous factors suggest the broader rally may still have room to run, offering investors reasons to remain optimistic despite the recent pullback.

According to a Reuters market analysis, the benchmark U.S. stock index posted its first monthly decline since March, ending a powerful stretch that had lifted equities to record highs. Even with June's modest retreat, the index delivered a gain of more than 14% during the second quarter, marking its strongest quarterly performance since the dramatic rebound following the pandemic-driven market collapse in the second quarter of 2020.

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