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The S&P 500 Is Taking a $9.8 Trillion Roundtrip. Here’s What’s Going On

  • The Nasdaq-100 index reached a new record high on Tuesday, while the S&P 500 ended the day just 0.85% shy of its previous peak amid widespread market gains.
  • This rally followed a volatile first half of the year marked by a market correction in March and a flirtation with a bear market in April, triggered in part by President Trump's higher tariffs announced on April 2.
  • Technology stocks led the rebound with the sector up 18% since early April, supported by BMO's recommendation of a 33% allocation to tech and Nvidia reaching its own all-time highs.
  • Strategist Brian Belski noted the market is transitioning from 'scare me' to 'show me,' while Federal Reserve Chair Powell said rate cuts can wait until tariff impacts are clearer.
  • Investors remain cautiously optimistic, welcoming easing Middle East tensions and a fragile ceasefire that has added momentum, but they watch rising tariffs, inflation risks, and earnings for future direction.
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  • 69% of the sources are Center
69% Center
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Bloomberg broke the news in United States on Tuesday, June 24, 2025.
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