Stocks rose on Monday as traders closed out a stunning month with even more record highs.
The S&P 500 gained 0.52% and posted another record close, ending at 6,204.95. The Nasdaq Composite advanced 0.47% and also reached fresh all-time highs, closing at 20,369.73. The Dow Jones Industrial Average climbed 275.50 points, or 0.63%, settling at 44,094.77.
Monday’s rise follows Canada rescinding its digital service tax in an effort to facilitate trade negotiations with the U.S. That’s after President Donald Trump on Friday said the U.S. was “terminating ALL discussions on Trade with Canada.” Initial payments on the tax were set to begin Monday and would have applied to companies such as Google, Meta and Amazon.
Investors are awaiting the announcement of any trade deals between the U.S. and its trading partners, as Trump’s 90-day tariff reprieve is set to expire next week. On Monday, Treasury Secretary Scott Bessent said there are “countries that are negotiating in good faith.” However, he added that “if we can’t get across the line because they are being recalcitrant,” tariffs could still “spring back” to the levels announced on April 2.
Deals on that front could be finalized once Trump’s “one, big, beautiful” bill passes, National Economic Council Director Kevin Hassett said on CNBC’s “Squawk on the Street” Monday. The package narrowly passed a key procedural vote in the Senate on Saturday night. If passed by the Senate, it faces an uncertain path in the House, where some GOP lawmakers have balked at revisions in the latest version of the bill.
While the looming tariff deadline and tax bill could help spur volatility in the remainder of 2025, equity fundamentals and improving market breadth, among other factors, could mean that the recent momentum will continue, according to Terry Sandven of U.S. Bank Wealth Management.
“The wall of worry is crumbling as stocks reach all-time highs,” said the chief equity strategist, whose year-end target of 6,325 implies nearly 2% upside in the S&P 500 from Monday’s close. “Inflation is stable, interest rates are range-bound and earnings are trending higher. That’s a favorable backdrop for stocks to continue to forge higher as we begin the second half.”
Monday marked the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 rose nearly 5% in the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow added more than 4% in June.
Prior to the S&P 500 and Nasdaq hitting all-time highs Friday, global trade and tariff tensions rocked the market, putting the broad market index within striking distance of a bear market in early April.
All three major averages finished the second quarter with solid gains, with the S&P 500 adding more than 10%, the Nasdaq rising nearly 18% and the Dow popping almost 5%.
Stocks close in the green
Stocks saw gains on Monday.
The S&P 500 rose 0.52% to end the session at 6,204.95, while the Nasdaq Composite jumped 0.47%, closing at 20,369.73. The Dow Jones Industrial Average popped 275.50 points, or 0.63%, to finish at 44,094.77.
— Sean Conlon
Investors are ‘not out of the woods yet,’ UBS says
The S&P 500 is back at all-time highs just in time to close out the first half of 2025, but that doesn’t mean there isn’t further volatility ahead, according to UBS.
“While the market has had much to digest the first six months of 2025, resiliency has prevailed,” Leslie Falconio, head of taxable fixed income strategy at UBS Financial Services, wrote on Friday. “However, we are not out of the woods just yet, as bouts of volatility and pockets of vulnerability are expected in the second half of the year.”
She expects that hard economic data will be the ultimate driver of interest rates, projecting the fed funds rate will be down by 1 percentage point through the first quarter of 2026.
— Sarah Min
‘Caution still prevails’ as markets climb higher, says Barclays
NYSETraders work at the New York Stock Exchange on June 30, 2025.Investors should remain nimble even as stocks rally to fresh record-highs in June, according to Barclays.
“Caution still prevails, though, which is evidenced by the fact that money market funds have 7 [trillion] in assets while bitcoin and gold registered strong returns,” analyst Magesh Kumar Chandrasekaran wrote on Monday. “Oil took a round trip as it spiked on Middle East tensions, but quickly declined as Israel-Iran ceasefire took hold. Dollar declined for the second quarter in a row as U.S. exceptionalism remains challenged amid erratic policy backdrop from the Trump administration.”
— Brian Evans
The first half was historically volatile for the S&P 500
The first half of 2025 was more volatile than usual for the S&P 500, which had to surmount recession fears amid steep tariffs to mount a rally back to record highs.
“No one could fault an investor if at one point during the first half of 2025 they shouted, ‘Stop the world, I want to get off,'” Sam Stovall, chief investment strategist at CFRA Research, wrote on Monday. “Indeed, 33% of all trading days experienced volatility of 1% or more, versus the 10-year average of 25%, and almost reaching 50% of all days from the peak on February 19 through the end of the near-19% correction on April 8.”
The S&P 500 is due for further gains now that it’s surpassed that challenge, Stovall said. The strategist said the broad market index could climb another 6% to 10%, based on similar scenarios across market history, so long as it survives a seasonally challenging third quarter.
— Sarah Min
Coinbase is the best-performing stock in the S&P 500 in June
Coinbase is the top performer in the S&P 500 fpr the month of June, boosted by positive regulatory updates, product launches and, of course, its very inclusion in the benchmark stock index at the end of May.
The crypto exchange is now on pace for its best month since November, third straight monthly gain — 43% in June alone — and its first three-month rally since the end of 2023. On Thursday, the stock hit its highest level since the day of its initial public offering in 2021.
The surge this month comes as investor attention shifts away from Coinbase’s core business, trading, to stablecoins and other ways crypto can provide utility. Even with Coinbase’s 43% run this month, the stock has room to appreciate further, analysts say, as the market isn’t fully connecting the dots around Coinbase’s close relationship with stablecoin issuer Circle.
— Tanaya Macheel, Nick Wells
Robinhood, Cava among the stocks making moves midday
Check out the stocks making big midday moves:
Robinhood — Shares of the brokerage app provider popped 10% and touched a fresh 52-week high. Robinhood announced an array of new crypto-related offerings, including the launch of tokenized U.S. stocks and ETFs in Europe and crypto-staking in the U.S.Cohen & Steers — Shares dropped about 4% after Bank of America initiated coverage of the alternative asset manager with an underperform rating, and a $67 price target implying 14% downside.Cava — Shares of the fast casual restaurant chain popped 9% to start the week. To be sure, a catalyst for the move higher wasn’t immediately clear. The stock is down 25% year to date despite Monday’s jump and 8% over the past 12 months.Read here for the complete list.
— Darla Mercado
Hybrid bitcoin miners extend gains on reported CoreWeave, Core Scientific deal
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesShares of hybrid bitcoin miners, those that have expanded their crypto operations to include AI, extended gains to start the week.
Iren jumped 5.5%, Cipher Mining rallied 10% and Terawulf advanced 7%. Core Scientific added more than 1%, after rallying 40% last week.
The sector initially rose last week after the Wall Street Journal reported Core Scientific is in talks to be acquired by the AI company CoreWeave, validating the value of mining infrastructure as a high value asset not just for bitcoin but for artificial intelligence.
Pure play bitcoin miners Marathon Holdings and CleanSpark saw more modest gains at 2% each.
— Tanaya Macheel
Goldman says tariffs could bring downside risk to corporate margins
Goldman Sachs sounded alarms about tariffs’ impact on corporate margins with the second-quarter earning season around the corner.
“If companies are forced to swallow the cost of tariffs, it would represent downside risk to margins. Our economists assume consumers will absorb 70% of the direct cost of tariffs,” David Kostin, Goldman’s head of U.S. equity strategy, said in a note to clients.
The Wall Street firm said the effective U.S. tariff rate based on announced policies has risen by roughly 10 percentage points to 13%. Goldman’s economists believe the effective tariff rate will eventually be increased by an additional 4 percentage points to 17%
“Analyst revisions to margin estimates have been more negative for companies most exposed to tariffs compared with the typical stock. Early earnings results offer conflicting messages on the margin outlook,” Kostin said.
— Yun Li
Bitcoin miner soars on ether buying strategy, Tom Lee appointment
Shares of BitMine Immersion Technologies skyrocketed more than 500% after the bitcoin miner announced a $250 million private placement to implement a buying strategy around ether. The company also said it appointed Fundstrat’s Tom Lee as chairman of the board of directors.
Lee’s appointment comes amid a groundswell of interest around stablecoins following the successful IPO of stablecoin issuer Circle at the beginning of the month and positive momentum pushing potential stablecoin legislation through Congress.
Ahead of this transaction, BitMine had a tiny market value of just $26 million with lightly traded shares that were down 45% on the year.
Read the full story here.
— Tanaya Macheel
Trade deals could be finalized after tax bill passes, Hassett says
Stefani Reynolds | Bloomberg | Getty ImagesKevin Hassett, director of the National Economic Council, speaks to members of the media following a television interview outside the White House in Washington, DC, US, on Tuesday, May 27, 2025.Hassett said on “Squawk on the Street” that the plan is for the administration to put the finishing touches on some preliminary trade deals once the tax-and-spending bill has passed.
“I think that we’ve got a whole number of deals, double digit deals, that we’ve got frameworks just like we had for the U.K. that are just about agreed to. As soon as the tax bill is passed, I think that there’s going to be a marathon session in the Oval where we’ll go through them one by one with the president and we’ll make the final calls,” Hassett said.
The White House official also indicated that the recent negotiations with Canada over the country’s digital services tax could also be key in other talks.
“My expectation is that the digital services taxes around the world will be taken off, and that will be a key part of the ongoing trade negotiations that we have,” Hassett said.
— Jesse Pound
Fed stress tests could be a ‘shot in the arm’ for bank stocks, Bank of America says
Major bank stocks were poised to open higher on Monday after all of them passed the Federal Reserve’s annual stress test.
Shares of Goldman Sachs were up 3.4% in premarket trading. Wells Fargo added 1.8%, while Citigroup and JPMorgan Chase each rose less than 1%. Bank of America‘s stock added 1.2%.
On the whole, banks saw a smaller decline in the common equity tier 1 capital ratio in this year’s test than last year’s, though this latest test scenario was less severe, the Fed said.
Bank of America analyst Ebrahim Poonawala described Goldman’s year over year improvement in the test as “significant” and also said that Citigroup’s results could lead to more share buybacks.
“We see results to serve as a shot in the arm for the group, among GSIBs highlight Citigroup, Goldman Sachs, Wells Fargo as offering the best risk/reward,” Poonawala said.
— Jesse Pound
Tariffs can still ‘spring back’ to April 2 levels for some countries, Bessent says
Bessent told Bloomberg News on Monday that reverting back to the tariffs announced on “liberation day” is still an option for some countries as the Trump administration continues trade negotiations.
“We have countries that are negotiating in good faith, but they should be aware that if we can’t get across the line because they are being recalcitrant, then we could spring back to the April 2 level. I hope that won’t have to happen,” Bessent said.
When those tariff levels were originally announced, the stock market fell sharply before Trump paused the levies a week later. The pause is set to expire next week.
— Jesse Pound
Stocks open higher Monday
Stocks traded up on Monday morning.
The S&P 500 rose 0.4% just after the opening bell, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average also advanced 207 points, or 0.5%.
— Sean Conlon
Stocks making the biggest moves premarket
Check out the companies making headlines before the bell:
Moderna — Shares rose 2% after the biotech company’s experimental flu vaccine showed a positive response in a late-stage trial, opening the way for the standalone shot and a combination Covid shot.Hewlett Packard Enterprise, Juniper Networks — Shares rallied 14% and 8%, respectively, after the U.S. Department of Justice, according to court filings, settled its lawsuit challenging server maker Hewlett Packard Enterprise’ $14 billion acquisition of Juniper Networks.Meta Platforms — Shares gained 2% after Bloomberg and The Information over the weekend reported, citing unnamed sources, that Meta has hired four artificial intelligence researchers from OpenAI to join its new Superintelligence group led by Alexandr Wang. Those hires are Jiahui Yu, Shuchao Bi, Shengjia Zhao and Hongyu Ren, the report said.Read the full list here.
— Sarah Min
Chase customer spending growth is slowing, JPMorgan says
Spending growth by Chase customers is slowing down, according to JPMorgan analyst Richard Shane.
“Total spending growth decreased to ~2.0% as of June 20, below the May figure of ~2.3%. The June MTD growth rate has decelerated throughout the month as more data has become available,” Shane said in a note to clients.
Spending growth rises to 2.7% when excluding gas stations, driven by lower oil prices, Shane said, but is still below the 3.1% growth rate in the same metric from May.
Among Gen X and baby boomer Chase customers, spending is down year over year in June.
— Jesse Pound
Moderna shares pop following positive late-stage trial results
Budrul Chukrut | Lightrocket | Getty ImagesShares of Moderna rose more than 5% in the premarket on Monday after the biotechnology company announced positive late-stage trial results for its experimental mRNA-based flu vaccine, opening the door for approval of the vaccine and the advancement of the company’s separate combination flu and Covid shot.
The stock has sizably lagged the broader market year to date, falling nearly 35% compared to the S&P 500’s rise of about 5% in the same period.
— Sean Conlon, Annika Kim Constantino
Canada rescinds digital services tax
Brendan Smialowski | Afp | Getty ImagesCanadian Prime Minister Mark Carney, at right, speaks to U.S. President Donald Trump as they meet during the Group of Seven (G7) Summit at the Pomeroy Kananaskis Mountain Lodge in Kananaskis, Alberta, Canada, June 16, 2025.Canada announced it will not implement a digital services tax as it tries to restart trade negotiations with the U.S. following Trump’s comments that trade discussions with the country were terminated.
“Today’s announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month’s G7 Leaders’ Summit in Kananaskis,” Canadian Prime Minister Mark Carney said in the statement.
— Fred Imbert
Fed’s Bostic says inflation outlook won’t be clear by July
David A. Grogan | CNBCAtlanta Federal Reserve President Raphael Bostic.The U.S. Federal Reserve is unlikely to have enough clarity on the trajectory of the U.S. economy to justify an interest rate cut in July, Atlanta Fed President Raphael Bostic told CNBC’s “Squawk Box Europe” on Monday.
“We’re only going to have one more measure of inflation. We’re going to have a lot that’s unknown about how other policies are impacting the labor market. And without that kind of clarity, I don’t think it’s going to be my view that it’ll be appropriate to move in any direction at this point,” Bostic said.
Tackling the issue of when the data might be sufficient to support a move, Bostic said the Fed would be closely monitoring how businesses and consumers respond to tariffs and other economic factors.
“I’m hearing more [businesses] say that they may not expect this whole thing to play out, to where they’re at their final strategy, till even 2026, so this could be a much more extended period than I think many expect,” he told CNBC.
— Jenni Reid
Asia-Pacific markets trade mixed as investors parse a slew of data releases
Asia-Pacific markets traded mixed Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June.
China’s manufacturing activity contracted for the third consecutive month in June, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions between the superpower and the U.S.
Mainland China’s CSI 300 index added 0.37% to end the day at 3,936.08, while Hong Kong’s Hang Seng Index fell 0.87% to 24,072.28.
Japan’s Nikkei 225 climbed 0.84% to end the day at 40,487.39 after hitting an over 11-month high earlier in the session, while the broader Topix index advanced 0.43% to 2,852.84.
In South Korea, the Kospi index closed 0.52% higher at 3,071.70, while the small-cap Kosdaq was flat at 781.50.
Over in Australia, the S&P/ASX 200 increased by 0.33% to end the day at 8,542.30.
Meanwhile, India’s benchmark Nifty 50 lost 0.53% while the BSE Sensex dropped 0.54% as at 1.45 p.m. Indian Standard Time.
— Amala Balakrishner
More S&P 500 companies issuing positive Q2 earnings guidance compared to average
More companies in the S&P 500 are issuing positive earnings guidance for the second quarter than average, according to FactSet.
Over 110 companies in the broad-market index have given quarterly EPS guidance for the second quarter. Out of this lot, 51 companies have issued positive EPS guidance for the quarterly period, which is above the 5-year average of 42 and above the 10-year average of 39, according to FactSet’s senior earnings analyst John Butters. 59 companies have issued negative guidance, meanwhile.
Earnings growth could be slowing down, however. Butters’ analysis shows that the estimated year-over-year earnings growth rate for the S&P 500 in the second quarter or 5% could mark the lowest earnings growth for the index since the fourth quarter of 2023.
— Pia Singh
Stock futures rise on Sunday evening
Shortly after 6 p.m. ET on Sunday, S&P 500 futures and Nasdaq 100 futures were each about 0.1% higher. Futures tied to the Dow Jones Industrial Average jumped 163 points, or 0.4%.
— Pia Singh
Read More Details
Finally We wish PressBee provided you with enough information of ( Are kids' snack bars actually nutritious? Here's what Consumer Reports found )
Also on site :