Stocks are on pace for their best June in more than a half-century.
Despite lingering trade tensions and questions over the future of Federal Reserve policy, the S&P 500 has advanced 7.3% so far this month. It is heading toward its best June since 1955, according to Dow Jones Market Data.
The broad index isn’t alone. The Dow Jones Industrial Average has climbed 7.8% this month, on pace for its best June since 1938. The S&P 500 notched a fresh record Thursday while the blue-chip index sits 0.3% from its October closing high.
History bodes well for stocks in the spring. The S&P 500 has climbed 4.6% this spring, putting the broad index on pace for its seventh consecutive advance during the season, according to Dow Jones Market Data. Since 1950, the S&P 500 has averaged a gain of 2% in the spring, finishing higher 66% of the time.