Photo: Angela Weiss/AFP/Getty Images

U.S. stock indexes closed out a record-breaking second quarter on Tuesday, with all three of the major indexes ending higher on the day and each finishing the quarter with their best performance in at least 20 years.

By the numbers: The benchmark S&P 500 ended Tuesday up 1.5% for its third positive close in four days.

  • The index finished June up 1.8%, rising every month during the quarter. Its 20% gain for Q2 was the best quarterly performance since Q4 1998, when the index jumped 20.9%.
  • Still the S&P is down 4% year to date.

The Dow ended Tuesday up 0.85%, or 217 points, for its third positive day in a row. It rose 1.7% for the month and rose every month during the quarter.

  • The index closed the second quarter up 17.8% for its best quarter since Q1 1987, but is down 9.6% year to date.

The Nasdaq rose 1.9% on Tuesday, gaining 6% in June, which marked its third straight positive month.

  • It gained 30.6% in the second quarter, its best since Q4 1999 when it jumped 48.2%.
  • The index is up 12.1% year to date.

Go deeper

Dion Rabouin, author of Markets
Oct 6, 2020 - Economy & Business

Employment in services is starting to return

Data: Institute for Supply Management; Chart: Axios Visuals

Purchasing managers indexes have been buoyant in recent months and in August the employment component on the Institute for Supply Management's non-manufacturing survey turned positive after five straight months of readings below 50.

What it means: PMI surveys ask businesses whether conditions are improving or worsening and then produce an index that measures the sentiment of the sector.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.