Wall Street returned to record highs at the end of June, with both the S&P 500 and Nasdaq 100 breaking above their February peaks, capping a powerful rebound from April’s tariff-driven lows.
Investor sentiment turned positive as geopolitical and trade risks eased. Oil prices slumped $12 to $65 after a symbolic Iranian strike on a U.S. base in Qatar failed to escalate tensions further.
President Donald Trump announced that a ceasefire between Israel and Iran had been established, effectively ending the 12-day conflict.
During his two-day testimony before Congress, Federal Reserve Chair Jerome Powell said this year’s tariff hikes are likely to raise prices and weigh on the economy, warranting caution on …