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.
The curious thing about this rally is that investors don’t seem to care at all about the policy problems. But today’s expert is more skeptical. “The stock market doesn’t seem to care at all [about policy], people think this party is going to go on forever. I think this game is over. It’s just a matter of when and how bad it gets.” Coming later this week are more comments from Powell and June payroll and supply data. Volume was 17.12 billion vs the 18.23 average.
DJ: 43,819.27 +432.43 NAS: 20,273.46
+105.55 S&P: 6,173.07
+32.05 6/27
DJ: 44,094.77 +275.50 NAS: 20,369.73
+96.28 S&P: 6,204.95
+31.88 6/30
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