S&P 500 Ends Strongest First Half Since 1998

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The S&P 500 on Friday closed its strongest first half of the year since 1998 after reaching record highs in May on a rally underpinned by the Federal Reserve's massive monetary stimulus.

A trader works on the floor of the New York Stock Exchange following its reopening

The S&P 500 on Friday closed its strongest first half of the year since 1998 after reaching record highs in May on a rally underpinned by the Federal Reserve's massive monetary stimulus.

On Friday, the Dow Jones industrial average .DJI fell 114.89 points or 0.76 percent, to end unofficially at 14,909.83. The S&P 500 .SPX slipped 6.92 points or 0.43 percent, to finish unofficially at 1,606.28. The Nasdaq Composite .IXIC added 1.38 points or 0.04 percent, to close unofficially at 3,403.25.

The three major U.S. stock indexes ended the month of June in the red, snapping seven-month positive runs for the S&P 500 and Nasdaq and a six-month streak on the Dow.

For the quarter, the Dow added 2.27 percent, the S&P 500 gained 2.36 percent and the Nasdaq gained 4.15 percent.

The S&P 500 closed the first half of 2013 up 12.6 percent to score its strongest first six months to a year since 1998.

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