US EditionS&P 500 squeaks out record high after Trump ends trade talks with Canada
- On Friday, June 27, the S&P 500 closed at a record high in New York despite President Trump halting trade talks with Canada.
- Trump’s on-again-off-again tariff policy and the expiration of a tariff pause in July have caused uncertainty for businesses and inflation concerns.
- The broader market gained with nearly every S&P 500 sector rising, Nike soared 15.2%, and music stocks, led by Spotify, hit record highs.
- Spotify shares rose 9.2% for the week, setting a new record price of $785, while UBS raised its target to $895 citing long-term growth opportunities.
- The record market close reflects investor relief after a sharp spring plunge caused by trade fears, though inflation concerns and tariff risks remain present.
120 Articles
120 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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