S&P 500 caps strongest quarter since 2020 with nearly 15% gain

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Summary · why it matters

The S&P 500 closed at 7,499.36 on Tuesday, capping its strongest quarter since 2020 with a nearly 15% gain. The benchmark index is now up nearly 10% year to date, driven by semiconductor stocks and optimism that artificial intelligence will boost corporate earnings. Technology was the top-performing sector, surging more than 43%, while Energy was the weakest, falling 13%. Among mega-cap tech stocks, Alphabet led with a 23.2% return, while Meta Platforms was the only decliner, slipping 1.5%. Carson Group chief market strategist Ryan Detrick noted it was the best second quarter ever in a midterm year and the fifth best second quarter overall.

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