US EditionU.S. Stocks Push Further Into Record Heights
- On June 30, the U.S. stock market hit record levels, marking its second consecutive month of gains across major indexes.
- This increase came after a roughly 20 percent decline in the spring and was supported by Canada canceling a proposed levy on American technology companies and restarting trade negotiations.
- Technology led the rally with Oracle's stock rising 4 percent, while major corporate deals, like GMS agreeing to sell to a Home Depot subsidiary for $110 per share, added momentum.
- Federal Reserve Chair Jerome Powell said the Fed is waiting for more data on tariffs' effects before resuming interest rate cuts, despite President Trump pushing for faster reductions and two appointees signaling potential cuts soon.
- Strategists warned that if tariffs negatively impact growth, earnings, or inflation, further tariff relents could occur, indicating possible market volatility despite current optimism and steady job data expectations.
Insights by Ground AI
Does this summary seem wrong?
36 Articles
36 Articles
All
Left
13
Center
13
Right
2
Boston 25 News+28 Reposted by 28 other sources
US stocks push further into record heights
The U.S. stock market added to its record as Wall Street closed out a second straight winning month
·Boston, United States
Read Full Article
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.
Coverage Details
Total News Sources36
Leaning Left13Leaning Right2Center13Last UpdatedBias Distribution46% Left, 46% Center
Bias Distribution
- 46% of the sources lean Left, 46% of the sources are Center
46% Center
L 46%
C 46%
Factuality
To view factuality data please Upgrade to Premium
