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S&P 500 squeaks out record high after Trump ends trade talks with Canada

  • 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.
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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]]>

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Spectrum News 13 broke the news in Orlando, United States on Friday, June 27, 2025.
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