US stocks rebound to all-time high after spring plunge, led by Nike

From Yahoo Finance: 2025-06-27 00:12:00

U.S. stocks hit all-time highs, rebounding from spring plunge due to trade policy fears. S&P 500 rose 0.5% above February record. Nasdaq and Dow also climbed. Nike’s 15.2% surge led market gains. Ceasefire in Israel-Iran war calms oil supply fears. U.S.-China trade deal progresses for magnet and rare earth minerals access.

Inflation update shows prices rising in May. Tariff uncertainty impacts businesses and consumers. Import taxes pose revenue and profit risks for businesses. U.S. has 10% baseline tariffs, with analysts expecting more inflation impacts. Threat of severe tariffs linger, Fed monitoring situation closely. Expectation of at least two rate cuts this year.

Bond yields stable, S&P 500, Dow, Nasdaq rise. Stocks up in Europe, mixed in Asia. Fed cut rates three times last year, aiming to control inflation. Oil prices rose 0.4%. Stock market resilience amid trade tensions, inflation concerns. Fed cautious on rate cuts, monitoring tariff impact on inflation and economy.

Read more: US stocks close at an all-time high just months after plunging on tariff fears