US stocks close at an all-time high just months after plunging on tariff fears
Posted June 27, 2025 8:54 am
NEW YORK — U.S. stocks closed at an all-time high, another milestone in a remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy.
The S&P 500 rose 0.5% and finished above its previous record set in February.
The Nasdaq composite gained 0.5% and set its own all-time high.
The Dow Jones Industrial Average rose 1%.
President Donald Trump’s decision Friday to halt trade talks with Canada threatened to derail Wall Street’s run to a record, but the market steadied.
Nike was the biggest gainer in the S&P 500 with a gain of more than 15%.
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