S&P 500 and Nasdaq hit record highs due to trade hopes and rate cut bets

From Yahoo Finance: 2025-06-27 06:11:00

Wall Street extended its rally, with S&P 500 and Nasdaq reaching all-time highs on trade deal hopes and expected rate cuts. Trump ended trade talks with Canada due to a digital tax. Dow remains below record high. Consumer sentiment improves, but inflation remains above Fed target. Fed likely to cut rates in September.

Washington and Beijing agree to speed up rare-earth shipments from China to U.S. Treasury Secretary says trade deals with major partners could be done by September. Dow rises 1%, S&P up 0.52%, Nasdaq up 0.52%. Micron’s upbeat forecast boosts AI-related stocks. Nike shares jump 15.2%. Market sees more advancing than declining shares.

Volume on U.S. exchanges was higher than average. Chipmaker Micron’s forecast boosts AI stocks. Nike shares surge on smaller revenue decline forecast. Market sees more advancing than declining shares. Dow up 1%, S&P up 0.52%, Nasdaq up 0.52%. Washington and Beijing agree to expedite rare-earth shipments. Fed likely to cut rates in September.

Read more: S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets