US Edition
S&P 500 squeaks out record high after Trump ends trade talks with Canada
UNITED STATES, JUN 27 – The S&P 500 rose 0.5% and the Nasdaq gained 0.5% as strong consumer data and optimism on trade with China offset halted talks with Canada, analysts said.
- On Friday, the S&P 500 hit a record high despite President Donald Trump ending trade talks with Canada, a milestone driven by market resilience amid trade tensions.
- President Donald Trump ended trade negotiations with Canada, citing Ottawa's digital services tax as the reason, saying 'Based on this egregious Tax' according to source statements.
- Nike soared 15.2%, and nearly every S&P sector gained as stocks rallied despite trade tensions.
- As a result, all three major U.S. stock indexes posted weekly gains and FedWatch shows 76% odds of a Fed rate cut in September and 19% odds in July.
- With the tariff pause set to expire in July, investors remain cautious as failure to extend negotiations could unsettle markets and complicate U.S.-China trade efforts.
155 Articles
155 Articles
Wall Street hits record highs on trade talks
Wall Street extended its rally on Friday, sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fuelled investor risk appetite and economic data helped solidify expectations for rate cuts from the US Federal Reserve. Stocks pared gains after US President Donald Trump terminated trade negotiations with Canada in response to its digital tax on technology companies. Even so, all three major US stock indexes posted weekly gains. U…
The S&P 500 closed in its historic peak, elongating Wall Street’s upward streak after months of uncertainty. Amid the Trump Administration’s new trade tensions with Canada, the stock exchange index that encompasses the largest companies listed on the United States stock exchange closed at a historical peak of 6173 points. Its previous record was 6144.Read more]]>
Spotify Shares Reach Another High, Valuing Company at More Than $160 Billion
What trade war? Music stocks, as well as the S&P 500 and Nasdaq, closed at record highs on Friday (June 27) despite President Trump’s claim that the U.S. broke off trade negotiations with Canada. Spotify set a new record of $785.00 on Friday, briefly valuing the company at nearly $161 billion, and closed at $772.60, up 9.2% for the week. The stock gained 5.4% on Thursday (June 26) after Guggenheim raised its Spotify price target to $840 from …
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