XPost: misc.invest.stocks, alt.politics.economics, alt.fan.rush-limbaugh
XPost: talk.politics.guns, sac.politics

https://www.cnbc.com/2025/06/26/stock-market-today-live-updates.html

hit fresh records on Friday as traders managed to look past new comments
from President Donald Trump tied to U.S.-Canada tariffs. The broad market index’s rise to new highs marks a sharp turnaround from the lows seen in
April during the height of trade policy tensions.

The benchmark added 0.52% and closed at a record of 6,173.07. Earlier in
the session, the S&P 500 rose as much as 0.76% to a high of 6,187.68,
taking out its previous record of 6,147.43. The Nasdaq Composite
, which also hit an all-time high and closed at a record, rose 0.52% to 20,273.46. The Dow Jones Industrial Average
added 432.43 points, or 1%, settling at 43,819.27.

Stocks pulled back from their session highs after Trump said on Truth
Social that trade talks between the U.S. and Canada were being terminated. Initially, investors bid up equities after Commerce Secretary Howard
Lutnick told Bloomberg News late Thursday that a framework between China
and the U.S. on trade had been finalized. Lutnick added that the Trump administration expects to reach deals with 10 major trading partners imminently.

Friday’s sharp moves mark the latest episode in which Wall Street tries to navigate an ever-changing global trade landscape.

After rising to a new high in February on hopes for business-friendly
policies from Trump, stocks tumbled as the president decided to instead implement severe tariffs first. At its low in April, the S&P 500 was down nearly 18% for 2025. The benchmark began a stunning comeback after Trump
walked back his stiffest tariff rates and the U.S. began negotiations for
trade deals.

The S&P 500 is up more than 20% since reaching a nadir on April 8 and now
up nearly 5% for the year. Along the way, investors kept buying despite a
spike in oil prices spurred by the Israel-Iran conflict and a yield surge
on deficit worries. A recovery in the artificial intelligence trade led by Nvidia and Microsoft helped fuel the comeback.

“I can see where the risks are here - if the trade [progress] is just hype
from the White House and no deals are really forthcoming, then this market
is going to roll over,” Thierry Wizman, global FX and rates strategist at Macquarie Group. “Ultimately, this all comes back to growth in the U.S.
economy and growth of earnings.”


--
November 5, 2024 - Congratulations President Donald Trump. We look
forward to America being great again.

We live in a time where intelligent people are being silenced so that
stupid people won't be offended.

Every day is an IQ test. Some pass, some, not so much.

Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama
/ Biden / Harris fiascos, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

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