S&P 500 and Nasdaq Post Best Quarter Since 2020
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
Source: stocktwits
- Market Rebound: The S&P 500 rose 1.2% to close at 7,440.43, while the Nasdaq 100 jumped 2.3% to 29,774.75, marking their best quarterly performance since 2020, driven by a strong recovery in tech stocks and renewed investor confidence.
- ETF Performance: The SPDR S&P 500 ETF (SPY) gained 1.6%, and the Invesco QQQ Trust (QQQ) rose approximately 2.3%, reflecting optimistic sentiment towards tech stocks, although the Russell 2000 index slipped 0.3%, indicating a divergence in market performance.
- Geopolitical Impact: An agreement between the U.S. and Iran to pause hostilities and allow free movement of commercial cargo through the Strait of Hormuz contributed to stock gains, despite President Trump's warning of total destruction against Iran, highlighting the complexity of the geopolitical landscape.
- Oil Price Surge: U.S. West Texas Intermediate futures (CL1) climbed 1.8% to $70.51 per barrel, reflecting optimistic expectations regarding easing tensions in the Middle East, while also rebounding after dipping below $70 for the first time since February, indicating market volatility.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 359.910
Low
305.00
Averages
374.25
High
400.00
Current: 359.910
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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