By John Meyer, consultant in financial affairs – Eurasia Business News, June 26, 2025. Article no. 1587

On Thursday, June 26, U.S. stock markets rallied with the S&P 500 and Nasdaq Composite closing near record levels. The S&P 500 rose about 0.8%, finishing just 0.05% below its all-time closing high set in February, briefly surpassing it during the day. 

The Nasdaq gained around 1%, also closing near its record high. The Dow Jones Industrial Average increased by approximately 404 points (about 0.9%), closing at 43,387 to 43,430 range depending on the source.

This upward momentum was driven by growing expectations that the Federal Reserve might cut interest rates sooner than expected. This sentiment was fueled by reports that President Trump is considering naming a successor to Fed Chair Jerome Powell earlier than anticipated (Spring 2026), possibly in September or October, which raised hopes for easier monetary policy in the U.S. economy.

The market gains were broad-based, with notable performances from major stocks such as Amazon (up about 2.4%), Goldman Sachs (up about 2.6%), and Nvidia (up around 0.5% continuing its recent record highs). The U.S. dollar weakened to a three-year low following the Fed news, and Treasury yields declined slightly, reflecting investor optimism about rate cuts.

In summary, the S&P 500 and Nasdaq closed near record highs on June 26, supported by optimism about potential Federal Reserve rate cuts and strong performances in U.S. tech and finance sectors, while the Dow Jones also posted solid gains.

Read also : Gold : Build Your Wealth and Freedom

The stock market was hit hard in the spring following U.S. President Trump’s announcement of sweeping tariffs, which caused significant volatility and a sharp drop in equities. However, since bottoming out on April 8, the market has rebounded strongly, with stocks rising more than 19% from that low and recouping all their spring losses and more. This recovery has been largely driven by investor optimism that the worst effects of the tariffs may be avoided, such as expectations of rollbacks, delays, or reversals of some tariff measures, which has helped ease fears of a debilitating trade war.

Advertisements

Our community already has nearly 150,000 readers!

Subscribe to our Telegram channel

Follow us on Telegram, Facebook and Twitter

© Copyright 2025 – Eurasia Business News. Article no. 1587.