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Nasdaq, S&P 500 Settle Hair's Breath From Records

The Nasdaq broke above 20,000 with a fourth-straight win

Deputy Editor
Jun 26, 2025 at 4:27 PM
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Stocks finished firmly higher today, enjoying a boost after White House spokesperson Karoline Leavitt downplayed the July 8-9 tariff deadlines, saying they are "not critical." The Dow finished the day up 404 points, its highest close since February 28. The Nasdaq notched a fourth-straight gain, jumping above the psychologically significant 20,000 level for the first time since mid-February, while the S&P 500 closed just a chip below its February highs. 

Continue reading for more on today's market, including: 

  • General Motors stock due for a short-term bounce
  • A look at Micron Technology's earnings report. 
  • Plus, one defense stock sitting out the sector rally; the casino stock analysts are loving; and what's on deck next week. 

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5 Things to Know Today

  1. The U.S. dollar hit a three-year low as investors worry over Trump-Powell tensions. (Reuters)
  2. The European Union (EU) needs to reach a trade agreement with Trump by July 9, and are set to debate strategies.(Bloomberg)
  3. Defense stock slips further from 19-year highs after share offering
  4. PENN Entertainment stock lands in another bull note. 
  5. There's plenty of economic data coming before July 4th.. 

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Oil, Gold Build on Yesterday's Rise

Oil prices rose slightly amid the aforementioned weakness in the U.S. dollar. July-dated West Texas Intermediate (WTI) crude added 32 cents, or 0.49%, to close at $65.24 a barrel.

Gold prices inched lower today, as easing Middle East tensions has investors stepping away from safe-haven assets. U.S. gold futures were down 0.2% at $3,336.50 per ounce.

 

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