Wall Street Rally: S&P 500 and Nasdaq Reach New Historic Highs

The stock market closed on a positive note during Monday’s session (6/30/2025), with the S&P 500 and Nasdaq hitting new record highs in June. This surge was fueled by improving investor sentiment following developments in trade relations. Specifically, the Wall Street S&P 500 rose by 0.52%, while the Nasdaq gained 0.48%. The Dow Jones Industrial Average also saw an uptick, climbing 0.63%. At the center of attention were announcements from the White House indicating that the United States and Canada are set to resume trade negotiations. This move came after Ottawa decided to withdraw its controversial digital services tax, which had previously caused tensions with Washington, particularly targeting major U.S. tech giants, as noted by the president’s economic advisor, Kevin Hassett.