The stock market closed out the second quarter regaining its upward momentum as investors were encouraged by an improving economy.
Stocks have resumed their upward trajectory after getting off to their worst start in five years in the first quarter. Investors sold stocks in January as they worried about the impact of an unusually harsh winter on the economy. The dangers of the intensifying conflict between Russia and the Ukraine also weighed on the markets.
By contrast, there were fewer worries in the second quarter.
As the weather improved, there was more encouraging news about hiring and manufacturing. Stocks were also propelled higher by a turnaround in some of the...