June Turbulence Tempers First-Half Bull Market
(NEW YORK) — The first six months of 2013 proved to be a great half for the U.S. stock market.
Both the Dow Jones Index and S&P 500 are up more than 13 percent since the beginning of this year.
But last month was a different story. June was a turbulent month for the bond market, with the worst monthly losses in years. The sudden rise in interest rates was the reason for losses in most bond funds.
Going into the second half of the year, stock futures are up Tuesday ahead of the opening bell.
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