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Three Wild Months on Wall Street: Stocks Hit Record Highs, Dollar Stumbles to Historic Lows

  • US President Donald Trump announced he has found potential buyers for TikTok, demanding that China-based ByteDance sell its US assets.
  • The Senate passed a critical 940-page bill that extends Trump's tax cuts, with an analysis projecting a revenue loss of $4.5 trillion over the next decade.
  • Wall Street's S&P 500 reached a new record high of 6,173 points, rebounding 24% since April and marking the fastest recovery in Wall Street history.
  • Elon Musk criticized the Senate bill on social media, calling it 'utterly insane and destructive,' arguing it could 'condemn the US to debt slavery.
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Lean Left

Three wild months on Wall Street: Stocks hit record highs, dollar stumbles to historic lows

US stocks gained on Monday, set to cap off a strong month and a remarkable second quarter for Wall Street.

·Atlanta, United States
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Lean Left

The US stock market recorded its best week since mid-May, after geopolitical risks subsided and China and the US took a step closer to reaching a final trade agreement.

·Belgrade, Serbia
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Stockhead broke the news in on Sunday, June 29, 2025.
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