US equity markets closed the second quarter with their largest percentage gains since 2020, defying the backdrop of an ongoing military conflict between the United States and Iran.
The S&P 500 and Nasdaq Composite both posted record-breaking quarterly returns, signaling that investor appetite for risk remains robust despite significant geopolitical uncertainty in the Middle East.
The S&P 500 rebounded from an initial dip at the onset of the war to close above the 7,000 mark for the first time since hostilities began.
This resilience underscores a market regime where macroeconomic fundamentals and corporate earnings are currently outweighing geopolitical risk premiums.
The Nasdaq Composite mirrored this strength, driven by continued momentum in technology and growth sectors.
The Dow Jones Industrial Average also finished the session higher, rising 136.46 points, or 0.26%, to close at 52,319.20.