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The markets are crashing!
Posted on: June 27, 2025 at 17:05:58 CT
Spanky KU
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https://www.msn.com/en-us/money/markets/s-p-500-closes-at-record-high-marking-sharp-snapback-after-april-plunge/ar-AA1HxSZ2?ocid=hpmsn&cvid=332fb07e4b3a4c479973038d57d3564f&ei=13
The S&P 500 reached a new record high, with investors buoyed by signs of easing global trade tensions.
The broad-based index rose 32 points, or 0.5%, to close at 6,173, surpassing its previous all-time high in February of 6,144. The S&P 500 has jumped roughly 24% since dropping sharply in the days after President Trump announced his "Liberation Day" tariffs on April 2.
The Nasdaq Composite gained 105 points, or 0.5%, and set its own all-time high. The Dow Jones Industrial Average rose 1% to 43,819, still below its previous high of 45,014 on Dec. 4, 2024.
Markets have made a stunning turnaround since April, when the S&P 500 entered a bear market amid concerns over the Trump administration's tariff policies. In recent weeks, investor worries have eased in response to calmer rhetoric on tariffs from the White House and forecasts that the Federal Reserve rate will lower interest rates, analysts told CBS MoneyWatch. A sharp rebound in technology stocks have also helped drive the rebound.
The S&P 500 reached a new record high, with investors buoyed by signs of easing global trade tensions.
The broad-based index rose 32 points, or 0.5%, to close at 6,173, surpassing its previous all-time high in February of 6,144. The S&P 500 has jumped roughly 24% since dropping sharply in the days after President Trump announced his "Liberation Day" tariffs on April 2.
The Nasdaq Composite gained 105 points, or 0.5%, and set its own all-time high. The Dow Jones Industrial Average rose 1% to 43,819, still below its previous high of 45,014 on Dec. 4, 2024.
Markets have made a stunning turnaround since April, when the S&P 500 entered a bear market amid concerns over the Trump administration's tariff policies. In recent weeks, investor worries have eased in response to calmer rhetoric on tariffs from the White House and forecasts that the Federal Reserve rate will lower interest rates, analysts told CBS MoneyWatch. A sharp rebound in technology stocks have also helped drive the rebound.
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The markets are crashing! - Spanky KU - 6/27 17:05:58
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