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World’s Fastest Growing Brokerage

Daily Fundamental Analysis: US Markets Rise As S&P500 Reaches a New Record High

June 30, 2025, 06:35

On Friday, the S&P 500 and Nasdaq Composite both hit new highs, with Nvidia and Microsoft reaching record levels. Markets rose on tariff relief as China finalized its U.S. deal, while Trump indicated flexibility on the 90-day pause for his tariffs. Delaying these tariffs would further boost investor confidence. The S&P 500 climbed 0.76% Friday before retreating when Trump ended trade talks with Canada over its digital services tax.

S&P500 hit a new record at 6,173, surpassing its previous 6,147 high.The Nasdaq Composite also reached an all-time high Friday, rising 0.5%, while the Dow climbed nearly 1%.

Stock futures climbed early Monday as markets prepare to close a remarkable month. In early trading today, S&P 500 futures rose 0.4%, Nasdaq 100 futures added 0.5%, and Dow futures gained 253 points, up 0.57%.

June’s recovery continues despite volatile global trade talks threatening rally momentum. Investors remain optimistic as most threatened tariffs haven’t materialized. So far in June, the S&P 500 gained 4.4%, Nasdaq jumped 6.1%, and Dow rose 3.8%.

Investors are watching whether the Senate passes Trump’s tax bill, which faces House opposition despite clearing a key Senate vote Saturday.

In the Asian market, China’s manufacturing contracted for a third month in June despite Chinas stimulus efforts partially stabilizing industry. Official PMI edged up to 49.7 from May’s 49.5 but stayed below 50.

Chinese manufacturers face a price war amid supply glut and weak demand. U.S. shipments plunged 34.5% in May as exporters sought alternative markets. Consumer prices remain in deflation, falling 0.1% in May.

And in the Forex market, the USD continues its decline against major currencies. The dollar index (DXY) fell to 3-year low reaching 97.02 as demand on the greenback diminishes. EURUSD was up 1.7% last week breaking above 1.1700 psychological level. GBPUSD gained 2% last week as it nears 1.3800 level.

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