The S&P 500 and Nasdaq reached record highs on positive trade news from China

From Nasdaq: 2025-06-27 18:14:00

Stock indexes closed higher on Friday, with the S&P 500 and Nasdaq 100 reaching new highs. Positive trade news boosted stocks as the US nears trade deals. The University of Michigan’s consumer sentiment index improved, while inflation expectations dropped. Futures are up, but concerns about earnings season remain.

US and China finalize trade understanding, rare earth materials commitment. President Trump ends trade talks with Canada, threatens tariffs. Unexpectedly weak US May personal spending and income reports. Fed’s preferred inflation gauge rises. Minneapolis Fed President sees potential rate cuts.

Overseas markets mixed, Euro Stoxx 50 up, Shanghai Composite down. T-note yields rise on positive trade news, inflation data. European bond yields higher. Eurozone economic confidence falls. Stocks move on earnings reports, Nike and Apogee up. Cruise line stocks rise on credit news, tech stocks gain.

Gold mining stocks drop as gold price falls. CorMedix plans stock offering. Uber downgraded, insider selling at CrowdStrike. Earnings reports from various companies. Fed rate cut expectations at 19% for July meeting. Market outlook cautious amid trade tensions and upcoming earnings season.



Read more at Nasdaq: S&P 500 and Nasdaq Climb to Record Highs on China Trade Optimism