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Stocks hit fresh record on trade optimism, dollar soft
UNITED STATES, JUN 30 – Technology and financial sectors drove gains as trade deal optimism and strong corporate results lifted the S&P 500 and Nasdaq 100 to new record closes, with the S&P 500 up over 10% this quarter.
- US stocks, including the S&P 500 and Nasdaq 100, reached record closes due to trade optimism, gaining 0.5% and 0.6%, respectively.
- Hewlett Packard Enterprise surged 11% after receiving Department of Justice clearance for its $14 billion acquisition of Juniper Networks.
- Robinhood Markets' shares jumped nearly 13% following the announcement of plans to expand its crypto offerings for EU customers.
- Moderna's stock rose 1.6% after announcing positive results for its experimental flu vaccine.
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Indices on the New York Stock Exchange closed higher today on investor optimism about trade negotiations and tax cut legislation in the US, ending the last session of the second quarter with new record values for the S&P and Nasdaq.
Stocks hit fresh record on trade optimism, dollar soft
Global stocks edged up to hit an intraday record on Monday on hopes U.S. trade negotiations with key partners would continue to progress, while the dollar declined and was on track for its worst first half performance in more than five decades.
·New York, United States
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Total News Sources12
Leaning Left3Leaning Right0Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 30%
C 70%
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