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6/30, 10:00 PM (Source: TeleTrader)
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US closes higher to mark best quarter in decades

Major stock markets in the United States closed in the green on Tuesday after having a turbulent session prompted by mixed data. While Treasury Secretary Steven Mnuchin announced a possible stimulus package by the end of July, investors were also mindful of the continual rise of COVID-19 cases in some parts of the country.

Today marks the end of the most successful quarter in decades for all three major US stock indices. Dow Jones hasn't seen a rise like this since 1987, while the Nasdaq 100 and the S&P 500 observed their highest numbers since 2001 and 1998, respectively.

The Dow Jones jumped 0.85% or 216 points at the closing bell as Intel Corp increased by 2.68%. Concurrently, the Nasdaq 100 soared 1.96% with Tesla leading the gains. The S&P 500 went up by 1.54% at the same time as Citizens Financial Group Inc soared 7.27%. The euro declined 0.06% against the dollar, selling at $1.12343 at 4:01 pm ET.

Breaking the News / BU