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yesterday

Global Stocks End Quarter at Records as Indian Markets Pull Back

Bullish sentiment over eased U.S. tariffs lifted benchmarks to fresh highs ahead of a Senate vote on a $3.3 trillion package combining tax cuts with federal spending.

Image
A woman walks past a stock quotation board at a brokerage in Tokyo, Japan, April 7, 2025. REUTERS/Androniki Christodoulou/File Photo
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2025. REUTERS/Jeenah Moon/ File Photo
Traders work on the floor of the New York Stock Exchange at the opening bell on June 23, 2025.

Overview

  • The S&P 500 closed at 6,204.95, marking a 0.5% gain for the day and a 10.6% advance in the second quarter; the Nasdaq Composite reached a record 20,369.73.
  • India’s Sensex initially rose 303 points to 84,058.90 before profit-taking in banking stocks reversed its four-day rally and sent it down 0.54% to 83,606.46.
  • Paused tariffs on China and Canada along with softer inflation have pushed Federal Reserve rate-cut expectations into the latter half of the year.
  • Asia-Pacific markets opened cautiously as investors awaited a Senate vote on President Trump’s $3.3 trillion tax-and-spending package.
  • Real consumer earnings dipped in May and delinquencies on mortgages, auto loans and credit cards rose, highlighting strain beneath buoyant equity valuations.