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S&P 500 ends strongest first half since 1998

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Reuters NEW YORK

NEW YORK (Reuters) - 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. (Reporting by Rodrigo Campos; Editing by Jan Paschal)

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First Published: Jun 29 2013 | 2:16 AM IST

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