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US – AGEM Index shows 1.1 per cent gain in June

By - 7 July 2020

The AGEM Index increased by 4.53 points in June 2020 to 407.41 points, a 1.1 per cent gain from May 2020.

Six of the 13 AGEM Index companies reported stock price increases amid ongoing uncertainty about the global economy and the effects of the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited (ALL) decreased 0.9 per cent due to the Australian dollar strengthening against the US dollar. In turn, this accounted for a 5.06-point rise in the AGEM Index. Crane Co. (CR) experienced a 6.7 per cent stock price jump, leading to an index contribution of 3.93 points.

All three major US stock indices increased as the Dow Jones Industrial Average grew by 1.8 percent and the S&P 500 grew by 1.7 per cent. Additionally, the NASDAQ grew by 6.0 percent on the month.

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