Stock Market Today: S&P 500 Hits Record High as Trade Talks and Rate Cut Hopes Fuel Rally
Market Indexes Surge on Positive Economic Outlook The S&P 500 closed at a record high of 6,145.62 points on Thursday, June 26, gaining 0.88% as investors cheered progress in trade negotiations and increased expectations for Federal Reserve rate cuts. The Nasdaq Composite climbed 1.00% to 20,173.36, while the Dow Jones Industrial Average rose 0.97% to 43,399.14, continuing its strong performance this week. The rally comes as the S&P 500 has now completely recovered from its April selloff, when markets reacted negatively to President Trump’s global tariff announcements. Since hitting a closing low in April, the benchmark index has rallied more than 22%, with technology and financial stocks leading the charge. “We’re seeing a perfect storm of positive catalysts driving this market higher,” said market strategist Michael Thompson. “The combination of cooling inflation data, potential rate cuts, and easing trade tensions has created a very favorable environment for equities.” Premarket […]