Overview
- Major U.S. indexes closed at all-time highs on June 27, with the S&P 500 rising 0.52% to 6,173.07 and the Nasdaq Composite edging up 0.52% to 20,273.46.
- Washington and Beijing formalized an agreement to expedite rare-earth exports from China, easing supply-chain concerns for U.S. technology firms.
- A U.S.-brokered ceasefire between Israel and Iran bolstered risk appetite and helped stabilize energy markets.
- Tech giants including Nvidia, Alphabet and Amazon led the rally as first-quarter earnings outperformed analyst forecasts.
- Fed rate-cut bets strengthened after May consumer spending fell 0.1%, and markets held steady despite President Trump halting trade talks with Canada.