U.S. equity futures rise on optimism over Trump's tax bill, market performance strong

From Financial Modeling Prep: 2025-06-30 08:06:00

U.S. equity futures rose on Sunday, driven by optimism over Trump’s fiscal reform bill. S&P 500 Futures +0.3%, Nasdaq 100 Futures +0.4%, Dow Jones Futures +0.5%. Last week saw strong market performance due to softer inflation data and rate cut expectations.

The Senate advanced Trump’s comprehensive tax and spending bill, opening debate on the “One Big Beautiful Bill.” It includes major tax cuts, spending reforms, and border security allocations. The bill faces up to 20 hours of Senate debate and opposition in the House over concerns about widening the federal deficit.

Wall Street closed at all-time highs last week. S&P 500 and NASDAQ hit record highs, Dow Jones near its peak. Investor sentiment was positive due to weaker inflation data, progress in trade negotiations, and Middle East de-escalation.

To access real-time and historical financial data, use the recommended endpoints. Market focus remains on Trump’s tax bill, upcoming tariffs deadline on July 9, and Federal Reserve commentary. Volatility may increase as investors analyze fiscal stimulus and central bank actions amid complex domestic and geopolitical factors.



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