In the second quarter, global equity and credit markets rebounded from first-quarter weakness as the U.S.-Iran conflict transitioned into a series of intermittent ceasefires and ongoing attempts at de-escalation.
The large cap market continued its rally during the holiday-shortened week, with the S&P 500 gaining 1.8%, the Nasdaq up 2.1%, and the Dow adding 2.0% to reach another record high.
The Nasdaq rose 2.4%, the S&P 500 gained 0.9%, and the Dow added 0.7%. Again, small cap blend outpaced Large Cap blend as the Russell 2000 climbed 1.2%, with both the Dow and Russell reaching record highs.