Despite the uncertainty, the S&P 500 is near standard levels

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Merchants on the ground work on the New York Stock Exchange (NYSE) in New York City, United States, June 23, 2025.

Brendan McDdided Reuters

Are we returning in time? It definitely looks at the front of the markets. Just look at S & P 500 You will think that it has returned in February – before the “mutual” definitions of US President Donald Trump, before the “beautiful law of the law” of the White House, and before the war between Israel and Iran.

On February 19, broad index Closed at the highest level ever From 6,144.15. Yesterday, that End the trading session In 6,092.16. This difference is less than 1 %. The light breeze (or the rogue social media post from the US President can sit) pushing the S&P 500 until this level.

On another sign, the investors seemed to have returned to the days leading up to trade and geopolitical certainty, Nafidia Again in the main headlines after a rise of 4.3 % to close it in a new High, a symbol of optimism surrounding artificial intelligence that has prompted many market gains for 2024.

The strange thing is that the market seems to have ignored the heavy loads it has weighed since March.

The concerns of tariffs are still ongoing. On Wednesday, Trump threatened Spain that it “will make them pay twice” in a commercial deal because the European state is resisting an increase in spending on defense.

The war between Israel and Iran, although it is currently stopping thanks to the ceasefire, did not end conclusively. And the truce looks fragile – it was so Almost broken A few hours after kicking it. Who knows how the planned talks with Iran will go next week. (We hope that it is not like a bad thing The screaming match in the Oval Office When Ukrainian President Volodimir Zelinsky was there.)

Nostalgia to attractive. But this is a gravity that can be dangerous.

What you need to know today

S & P 500 is on the threshold of the highest new level. The index, however, ended on Wednesday a little changed. Technical stocks rose, with Many of the highlands you hit during the day. the Stoxx Europe 600 The index decreased by 0.74 %, though European defense stocks climb On the news of the NATO deal.

Trump threatened Spain with a difficult commercial deal. US President I made these comments At the NATO annual summit after the alliance allies – with the exception of Spain – agreed to meet a Defense spending goal of 5 % From GDP by 2035.

Tesla sales decreased in Europe in May. Elon Musk Electric Cars A registered 27.9 % decrease on an annual basis in sales Inside the European Union, Britain and the European Free Trade Association, where consumers in the region have turned into Chinese EVS.

Nvidia is the most valuable company again. The shares jumped 4.3 % on Wednesday and Closed in a record – The first time it has been done since January. The market value of Chipmaker is $ 3.77 trillion, before Microsoft and Apple advanced.

(Pro) investors keep their breath. The American market seems amazingly flexible in friction trade and geopolitical instability. In fact, the S&P 500 appears to be on the right track to close it in a new record. but The risks that you can cut off remain off the path.

Finally …

The British pound is expected to continue to rise against the US dollar.

Matt Kardi Gety pictures

What follows the British pound has reached its highest level in more than three years?

the British pound It is hovering at its highest level in more than three years – analysts are divided into the possibility of more upward trend.

According to the RBC Brewin Dolphin, most of the budget of the Pound path is more important to the basic dollar than the belief in the British pound itself.

Moreover, the British pound’s view is not excessively convincing in the coming months, MO, but he pointed out that geopolitical developments can stimulate more bullish movements in the long run.

Chloe Taylor



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