Wall Street nears new highs fueled by several factors

From Yahoo Finance: 2025-06-27 06:53:00

Wall Street inches closer to new records with the S&P 500 and Nasdaq expected to hit highs. The weakening dollar, lower borrowing rates, trade optimism, and focus on artificial intelligence are driving the market. U.S. reaches rare earth agreement with China, EU leaders discuss trade deal, and Iran warns of military response to U.S. attack. Treasury Secretary asks Congress to remove retaliatory tax proposal targeting foreign investors. Market awaits U.S. May inflation update, bond yields fall, and trade tensions ease ahead of tariff hike pause expiry. German lawmakers pass fiscal relief measures, while Chinese stocks decline, and Japan sees consumer inflation slowdown. Weekend reads include analyses on tariff impact, global debt vulnerability, Ukraine-Russia tensions in Africa, EU capital market integration, and the impact of weight-loss drug Wegovy on American teens. U.S. stock markets complete a 20% round trip since February, approaching new records. Events to watch include U.S. May inflation gauge and University of Michigan’s final consumer survey.

Read more: Wall St flirts with new record