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U.S. Stocks Soar to Record Highs on Trade Deals, Geopolitical Relief

Investor optimism reflects a formal rare-earth export pact with China, a ceasefire between Israel and Iran, surging megacap rallies, lofty Fed rate-cut expectations.

Trader Ryan Falvey works on the floor of the New York Stock Exchange, Monday, June 23, 2025. (AP Photo/Richard Drew)
The "Fearless Girl" statue stands in front of the New York Stock Exchange, Wednesday, June 18, 2025, in New York. (AP Photo/Yuki Iwamura)
The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo
A Wall Street sign hangs near to the New York Stock Exchange, Wednesday, June 18, 2025, in New York. (AP Photo/Yuki Iwamura)

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.