S&P 500, Nasdaq close at record highs, cap best quarter in over a year
Mon June 30, 2025 5:02 PM
A continuing raft of soft data triggering hopes for rate cuts along with optimism over trade deals shot the indexes up again with the S&P today finally reaching a new record high after months of being down. The good news is that the 2nd quarter has closed with gains all around, the S&P up 10.57%, the Nasdaq 17.75, the Dow 4.98%. The bad news is that Q1 was so bad that it is still the worst first-half in 3 years. There’s also the problem of more and more Republicans pushing back on Trump’s bills and policies and the tariffs continuing to create an awful lot of tension.