Stock markets closed higher on record levels due to trade deal hopes and positive economic data.

From Nasdaq: 2025-06-30 03:11:00

U.S. stock markets closed higher at record levels on Friday, boosted by expectations of a U.S.-China trade deal and favorable economic data. The Dow Jones climbed 1% to 43,819.27, the Nasdaq Composite reached a new high of 20,273.46, and the S&P 500 closed at 6,173.07, all finishing the week in positive territory.

The Bloomberg News reported a trade deal framework between the U.S. and China, with hopes for deals with 18 other major trading partners. Economic data showed a fall in personal consumption expenditure inflation, a rise in core PCE inflation, and a decrease in personal income and spending in May.

Last week saw significant gains on Wall Street, with the Dow, S&P 500, and Nasdaq Composite rising 3.8%, 3.4%, and 4.2% respectively. Positive trade deal hopes, geopolitical ceasefire, and expected interest rate cuts in the second half of 2025 fueled investor sentiment.



Read more at Nasdaq: Stock Market News for Jun 30, 2025