The main equity indexes gapped up, slumped briefly, then surged again to start a holiday-shortened week on a positive note. The Nasdaq Composite and the S&P 500 ended their respective five-session losing streaks during a risk-on rally that also lifted the Dow Jones Industrial Average to its first-ever close above 52,000.
"We typically rally into holiday weekends," Louis Navellier of Navellier & Associates observes, "and it would be downright un-American not to be optimistic heading into the Fourth of July, especially considering it is the 250-year anniversary celebration."
