US EditionS&P 500 squeaks out record high after Trump ends trade talks with Canada
- U.S. stocks closed at all-time highs on Friday, June 27, with the S&P 500 rising 0.5% and the Nasdaq gaining 0.5%.
- The gains followed months of market recovery despite concerns over inflation and a recent halt in U.S.-Canada trade talks by President Trump.
- Broad sector gains led the advance, with Nike soaring 15.2% as the biggest S&P 500 gainer despite its warning about tariff impacts.
- Spotify set a new record at $785 and closed up 9.2% for the week, supported by UBS raising its price target to $895 and Guggenheim's bullish outlook.
- The market’s resilience despite tariff uncertainties and inflation just above 2% suggests cautious investor confidence amid ongoing geopolitical and economic risks.
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151 Articles
The S&P 500 closed in its historic peak, elongating Wall Street’s upward streak after months of uncertainty. Amid the Trump Administration’s new trade tensions with Canada, the stock exchange index that encompasses the largest companies listed on the United States stock exchange closed at a historical peak of 6173 points. Its previous record was 6144.Read more]]>
Spotify Shares Reach Another High, Valuing Company at More Than $160 Billion
What trade war? Music stocks, as well as the S&P 500 and Nasdaq, closed at record highs on Friday (June 27) despite President Trump’s claim that the U.S. broke off trade negotiations with Canada. Spotify set a new record of $785.00 on Friday, briefly valuing the company at nearly $161 billion, and closed at $772.60, up 9.2% for the week. The stock gained 5.4% on Thursday (June 26) after Guggenheim raised its Spotify price target to $840 from …
S&P 500 hits new record high despite U.S.-Canada trade tensions
NEW YORK, June 27 (Xinhua) -- U.S. stock index S&P 500 closed at record high on Friday, despite a brief retreat following U.S. President Donald Trump's announcement on terminating all trade talks with Canada. Read full story
US stocks close at all-time high just months after plunging on tariff fears
U.S. stocks closed at an all-time high Friday, another milestone in the market's remarkable recovery from a springtime plunge caused by fears that the Trump administration's trade policies could harm
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