The actions increased on Monday when merchants closed a surprising month with even more maximum records.
The S&P 500 won 0.52% and registered another record closure, which ended at 6,204.95. The Nasdaq compound advanced to 0.47% and also reached fresh maximum of all time, closing at 20,369.73. The Dow Jones Industrial Avenge rose 275.50 points, or 0.63%, establishing 44,094.77.
Monday’s promotion continues to Canada by rescuing its digital service tax in an effort to facilitate trade negotiations with the United States that after President Donald Trump said Friday that the United States was “ending all discussions about trade with Canada.” Initial payments on the tax will begin on Monday and would have applied to companies such as Google, Meta and Amazon.
Investors await the announcement of any commercial agreement between the United States and its commercial partners, since Trump’s 90 -day rate respite will expire next week. On Monday, the Treasury Secretary, Scott Besent, said there are “countries that are negotiating in good faith.” However, he added that “if we cannot cross the line because they are being recalcitrant”, the tariffs could still “sprout” at the levels announced on April 2.
The agreements on that front could be completed once the bill “One, Big Big Beautiful” of Trump is approved, said National Economic Council Kevin Hasset on Monday in “Squawk on the street” of CNBC. The package approved a key procedural vote in the Senate on Saturday night. If the Senate is approved, it faces an uncertain path in the Chamber, where some legislators of the Republican party have resisted the revisions of the latest version of the bill.
Although the imminent tariff deadline and tax bill could help stimulate volatility in the rest of 2025, capital foundations and improve market amplitude, among other factors, could mean that the recent impulse will continue, according to Terry Sadven for the management of the wealth of the US bank.
“The wall of concern is falling apart as the shares reach the maximum of all time,” said the main capital strategist, whose end of the year of 6,325 implies almost 2% rise in the S&P 500 since the closing of Monday. “Inflation is stable, interest rates are linked to rank and earnings have a higher trend. That is a favorable backdrop so that actions continue to forge higher as we start the second half.”
On Monday he marked the last day of June, a month in which the main averages have delayed a strong recovery at record levels. S&P 500 increased almost 5% in the month, while heavy technological Nasdaq increased more than 6%. The Dow added more than 4% in June.
Before the S&P 500 and Nasdaq reach the historical maximums on Friday, global trade and tariff tensions shook the market, which placed the wide market index at a surprising distance from a bearish market in early April.
The three main averages ended the second quarter with solid profits, with the S&P 500 adding more than 10%, the Nasdaq increased almost 18%and the Dow appears almost 5%.
