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Asian Shares Are Mostly Higher, Tracking US Rally Into Record Heights

NEW YORK, UNITED STATES, JUN 30 – Tech stocks led the S&P 500 to new highs with a 0.5% gain after a 20% spring sell-off, supported by strong mergers and steady economic data, analysts said.

  • Last Friday, the S&P 500 reached a new all-time high since February, with futures indicating further gains and an extended winning streak into Monday.
  • The rally is driven by Oracle’s 4% gain, tariff hopes, and the Fed holding interest rates steady, reflecting optimism amid trade negotiations and economic data.
  • The Dow rose 275.50 points to 44,094.77, Nasdaq gained 96.27 to 20,369.73, and HPE and Networks surged 11.1% and 8.4% after DOJ merger approval.
  • The S&P 500's record high, driven by tech gains and M&A activity, signals strong market momentum but risks remain from looming tariff resumption and economic data.
  • Ahead of the resumption of paused tariffs in just over a week, the early release of Thursday's jobs report adds uncertainty to the market's outlook.
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Asian shares are mostly higher, tracking US rally into record heights

·United States
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Another record for US indicesAfter four months and even after a dip of about 20 percent along the way, Friday was another record for US stocks, and Monday marked the month's and quarter's highest.

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Portfolio.hu broke the news in on Monday, June 30, 2025.
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