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Wall Street traders left stocks at all-time highs while the dollar climbed the most since May, with a tariff deal between President Donald Trump and the European Union bolstering hopes for an extension of a China trade truce.
The S&P 500 and Nasdaq finished at fresh all-time records on Friday amid optimism over US trade deals, concluding a winning week on a positive note.
Stocks jumped to record highs on Thursday, with investors brushing off the latest Trump-Powell drama to focus on strong earnings and robust economic data.
US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.
US stocks close mixed after the FT says Trump wants an at least 15%-20% tariff on all EU goods. S&P 500 and Nasdaq come off Nasdaq record highs.
The rebound in May signals a stunning turnaround from April, as Wall Street feared the end of U.S. supremacy in the global economy and markets. In the immediate aftermath of “Liberation Day,” the S&P 500 flirted with a bear market, crashing nearly 20% from its prior high while the Nasdaq passed that threshold.
12hon MSN
Donald Trump hailed 'the biggest deal ever made' while EC chief Ursula von der Leyen was forced to admit it was 'the best we could get'
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.