Investors Overlook Middle East Conflict as US Stocks Poised for Largest Quarterly Gain in Years

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On July 1, all three major US stock indices rose on Tuesday, with the S&P 500 and Nasdaq expected to post their largest quarterly gains since 2020, while the Dow Jones is also on track for its best quarterly performance since 2022. Despite ongoing conflicts in the Middle East, investors remain optimistic about economic and corporate earnings prospects. Recent signs of progress in ceasefire negotiations with Iran have boosted market sentiment, even though renewed clashes over the weekend have put pressure on the prospects for an agreement. 'The first half of this year has far exceeded most expectations,' said Oliver Pursch, Senior Vice President at Wealthspire Advisors. 'Despite ongoing geopolitical turmoil, the fundamentals of the US economy are strong, and corporate earnings are quite robust.' Following a strong performance in the Q1 earnings season, investors are now focused on the upcoming Q2 results set to be released in the coming weeks.
US5000.08%
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