Wall St faces danger signs after best quarter since ’98 – ZAWYA

Wall St faces danger signs after best quarter since ’98 – ZAWYA

A stock rebound marked by Wall Street's strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in coronavirus cases threatens to derail the economy's recovery from a deep downturn.With the S&P 500 up 18% in the quarter ending on Tuesday and just 10% below its February record high, investors are parsing an array of factors that could weigh on stocks in the months ahead, including potential delays in reopening parts of the U.S. economy and sky-high stock valuations.The S&P 500's strongest quarterly performance since the fourth quarter of 1998 -- during the dot-com boom -- was driven by gains in April and May, followed by an overall flat June after Wall Street gave back gains in the second half of the month. Globally, MSCI's world equity index.With the SA stock rebound marked by Wall Street's strongest quarter in more than two decades has slowed in recent weeks, as a resurgence in coronavirus cases threatens to derail the economy's recovery from a deep downturn.After new cases of the coronavirus trended lower in May, they climbed again in June, denting investors' enthusiasm that the U.S. economy would recovery relatively quickly from the crisis. Investor enthusiasm had