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By Rita Nazareth and Vildana Hajric

June 29, 2020 at 9:46 PM UTC

Updated on

June 30, 2020 at 8:38 PM UTC

This article is for subscribers only.

U.S. stocks climbed on the final day of the best quarter since 1998 as investors assessed better-than-estimated economic data amid concern over new coronavirus cases and trade relations with China.

The S&P 500 extended its second-quarter rally to 20% as a report showed consumer confidence posted its biggest increase since 2011. The Nasdaq Composite Index soared 31% in the span, the most since 1999, while the Dow Jones Industrial Average jumped 18% and notched its best quarter in 33 years. Treasuries and the dollar fell. Gold traded near $1,800 an ounce.