26.06.202520:03:36UTC+00Nasdaq 100 Notches Fresh Record

On Thursday, U.S. stocks surged, driven by a reduction in geopolitical tensions, robust performances from major tech companies, and increasing anticipation of potential interest rate cuts. The S&P 500 rose by 0.8%, briefly hitting a new all-time high, while the Nasdaq 100 continued its record streak, advancing by 1%. The Dow Jones climbed 404 points amid growing optimism, as the White House downplayed upcoming tariff deadlines, alleviating investor concerns about a trade war. Additionally, speculation arose over President Trump potentially appointing a new Federal Reserve chair sooner than expected, suggesting a possible shift toward more accommodative monetary policy. Concurrently, new economic data revealed the U.S. economy had contracted more than forecasted in the first quarter, with an annualized decrease of 0.5%, and the goods deficit unexpectedly widened due to declining exports. Leading the gains among tech giants were companies such as Amazon (+2.4%), Alphabet (+1.7%), and Meta (+2.4%), while Apple diverged from the trend, slipping 0.3% after a price target reduction by JPMorgan Chase.