Overview

• The S&P 500 climbed 0.52% to close at 6,204.95, sealing a 10.6% second-quarter gain, while the Nasdaq and Dow also hit all-time highs
• Canada’s reversal of its digital services tax for U.S. tech firms ended a key source of friction and paved the way for renewed negotiations with Washington
• Large banks including Citigroup and JPMorgan Chase rose after the Federal Reserve’s June 27 stress-test results reinforced confidence in the sector’s stability
• Investor sentiment has been bolstered by easing inflation concerns and range-bound interest rates, underpinning strong corporate earnings in tech and AI
• Market watchers are eyeing the Senate’s debate over President Trump’s tax cut package and the pending expiration of the administration’s 90-day tariff reprieve