Stock Futures Steady After S&P 500 Hits Record High: Get Live Updates on the Market’s Second Quarter Success!

Traders at the New York Stock Exchange marked an interesting moment recently. U.S. equity futures remained steady early Tuesday, with the S&P 500 reaching a new record as the quarter came to a close.

On Tuesday, Dow futures dipped slightly by 37 points, or under 0.1%. Meanwhile, futures for both the S&P 500 and Nasdaq 100 also decreased by 0.1%. Despite this, the S&P 500 finished regular trading up by 0.52%, setting another record. The Nasdaq Composite also reached all-time highs with a gain of 0.47%. The Dow Jones, known for its blue-chip stocks, climbed 275.50 points, which is about a 0.63% increase.

The surge in stock prices follows a significant policy shift from Canada. The country decided to pause its digital services tax to help ease tensions in trade talks with the U.S. This move came after President Trump announced the end of all trade discussions with Canada. With Trump’s 90-day delay on certain tariffs wrapping up soon, traders are hopeful for agreements between the nations.

This comeback is notable, especially since stocks dropped sharply in April when Trump’s tariffs pushed the S&P 500 close to bear market levels. However, the market has rebounded strongly. The S&P 500 gained 10.6% in the second quarter alone, while the Nasdaq soared nearly 18%.

Market experts like Mike Wilson of Morgan Stanley believe further growth is possible. He remarked that a broader recovery is attainable, especially if the Federal Reserve reduces interest rates later this year or next. “Pent-up demand in sectors like manufacturing and housing can drive this growth,” he noted.

Looking ahead, traders are eager for economic data releases that could inform their decisions. Upcoming reports include the S&P Global Purchasing Managers’ Index, due at 9:45 a.m. ET, giving insights on manufacturing activity, followed by the ISM manufacturing report scheduled for 10 a.m. The Job Openings and Labor Turnover Survey (JOLTS) will also provide valuable job market information.

As the stock market navigates these challenges, traders remain cautiously optimistic about the direction ahead. With topics like trade and interest rates shaping the landscape, continued monitoring will be crucial.



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