From Yahoo Finance: 2025-06-27 16:35:00

In the midst of a trade war, real war threats, and presidential clashes, the stock market hit a record high, with the S&P 500 closing at 6,173. Tariffs caused a 12% drop in the S&P 500 and a loss of nearly 4,600 points in the Dow Jones Industrial Average. The US and China have temporarily rolled back most tariffs.

Trump paused most tariffs for 90 days, leading to a 9.5% surge in the S&P 500. A real war in the Middle East spiked oil prices, affecting global economy and inflation. Trump’s pressure on the Fed for rate cuts and tariff uncertainty add volatility to markets. Profit reports may reveal tariff impacts and trade talks progress.

Trump’s desire for lower interest rates and tariff pressure on markets may lead to Fed chair Jerome Powell’s replacement drama. Strong first-quarter profits offset tariff pressure, but Q2 reports face uncertainties. Stocks remain sensitive to trade developments, with potential tariff snapbacks or extensions causing market jitters.



Read more at Yahoo Finance: How Wall Street powered to a record high and what comes next