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The first half of the year is officially in the books. On Friday, the second-quarter came to an explosive end. The Dow Jones Industrial Average jumped 277 points, while the S&P 500 surged nearly 2.5 percent. Meanwhile, the Nasdaq closed 3 percent higher. It was the best single-day performance of the S&P 500 and Nasdaq all year. Equities rallied as leaders at a summit in Brussels agreed on plans to create a single supervisor to oversee the financial industry. They also decided on a deal to stabilize the region’s debt markets by recapitalizing its banks.
Despite June being a historically weak month for the major indices, it was the best June performance for the Dow since 1997. “June is usually the second worst month for the market next to September, but this time was a bit of a fluke,” said Art Cashin, director of floor operations at UBS Financial Services. However, all three major indices are in the green for the first half of the year. Furthermore, there are some big names in the blue-chip index that have outperformed the market.
Listed below are the top five winners on the Dow in the first half of the year:
Bank of America Corp. (NYSE:BAC) 47.12%
Walt Disney Co. (NYSE:DIS) 29.33%
Home Depot Inc. (NYSE:HD) 26.05%
American Express Co. (NYSE:AXP) 23.40%
AT&T Inc. (NYSE:T) 17.92%
On the other hand, May was still a terrible month for the Dow, as the index suffered its worst monthly decline in two years. Also, all three major indices finished the second-quarter in the red.
Listed below are the top five losers for the Dow in the first half of the year:
Hewlett-Packard Co. (NYSE:HPQ) -21.93%
McDonald’s Corp. (NYSE:MCD) -11.76%
Procter & Gamble Co. (NYSE:PG) -8.18%
Caterpillar Inc. (NYSE:CAT) -6.28%
Cisco Systems Inc. (NASDAQ:CSCO) -5.03%
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