FX.co ★ S&P 500, Nasdaq Climb to New Highs

U.S. stocks saw an uptick on Monday as investors sought to conclude a tumultuous first half of 2025 on a high note with new record levels. Both the S&P 500 and the Nasdaq 100 advanced by 0.5%, continuing their climb to all-time highs. The Dow also enjoyed a boost, gaining 207 points with robust contributions from tech titans like Microsoft and Meta, which also registered new records. Market sentiment lifted with encouraging signals in trade discussions, underscored by Canada’s recent move to repeal its digital services tax on U.S. tech companies—a step that alleviated market anxiety. The focus for investors remains on the upcoming July 9 deadline concerning the potential lapse of President Trump’s tariff suspension, with hopes pinned on forthcoming trade agreements to stave off tariff increases. Meanwhile, Treasury yields fell as expectations rose for Federal Reserve rate reductions later in the year, enhancing the appeal of equities. The S&P 500 closed out its strongest quarter since the latter part of 2023, driven by solid corporate earnings and stable inflation rates.