The S&P 500 and Nasdaq reached record closing highs on Friday. The S&P 500 closed at an all-time high of 6,173, surpassing the previous record of 6,144. The Nasdaq also hit a new high at 20,273.
The S&P 500 is really close to its all time high pic.twitter.com/TOX30e2PCH
— Joe Weisenthal (@TheStalwart) June 26, 2025
Investor Alert! 5 drivers of stock market THIS week; here’s what analysts trackedhttps://t.co/rdZhA1Rm37
— ET NOW (@ETNOWlive) June 29, 2025
In the past month, the S&P 500 climbed more than 5% despite rising U.S.-China trade tensions and conflict in the Middle East. The Nasdaq soared 28%, and the Dow Jones Industrial Average jumped 12% in the same period. Investor concerns about erratic economic policies have eased, partly due to reduced tariffs between the U.S. and China.
#MarketAlert | US: S&P 500 and Nasdaq hit record highs
Here are the other highlights👇#Nasdaq #USA #DonaldTrump #treasury pic.twitter.com/qZBhsI0u4J
— ET NOW (@ETNOWlive) June 28, 2025
Market confidence fuels record highs
This has boosted stock market confidence and led Wall Street firms to reassess predictions of an economic downturn. Stocks briefly dipped on Friday afternoon after President Donald Trump announced the U.S. would end all trade talks with Canada in response to Canada’s decision to impose a digital service tax on U.S. technology companies.
Recent inflation data showed a slight acceleration of price increases, but inflation remains near its lowest level since 2021. Hiring remained strong in May, despite uncertainty surrounding tariffs, according to a government report. Earlier conflict between Iran and Israel initially caused stocks to fall and oil prices to spike.
It’s all about liquidity: The S&P 500 has hit a new all-time high, fueled by record levels of US money supply. pic.twitter.com/v58UOjKqFe
— Holger Zschaepitz (@Schuldensuehner) June 28, 2025
However, these effects were short-lived as stocks resumed their gains and oil prices stabilized following a ceasefire.
