{"id":25556,"date":"2025-07-01T00:16:09","date_gmt":"2025-07-01T00:16:09","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=25556"},"modified":"2025-07-01T00:16:09","modified_gmt":"2025-07-01T00:16:09","slug":"sp-500-steady-after-record-highs","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/sp-500-steady-after-record-highs\/","title":{"rendered":"S&amp;P 500 Steady After Record Highs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx-2025-04-24T152247.288-1024x559.png\" alt=\"\" class=\"wp-image-21196\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 rose 0.52% to close the month; current level at 6,204.05 after peaking at 6,219.65.<\/li>\n\n\n\n<li>Canada\u2019s reversal on digital tax and soft yields buoy equities; trade deal updates in focus.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>U.S. equities kicked off the new quarter on a firm note, with the S&amp;P 500 climbing 0.52% on Monday to close at 6,204.05, reaching an intraday high of 6,219.65. The Nasdaq followed suit with a 0.47% gain, while the Dow added 0.63%, all supported by continued momentum in Big Tech.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">FOMO-driven call buying soars as traders chase S&amp;P 500\u2019s furious run<a href=\"https:\/\/t.co\/9iGPpBAE4f\">https:\/\/t.co\/9iGPpBAE4f<\/a> via <a href=\"https:\/\/twitter.com\/business?ref_src=twsrc%5Etfw\">@business<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1939679077394166110?ref_src=twsrc%5Etfw\">June 30, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Microsoft and Meta led the advance, both posting new record highs and contributing to the Nasdaq\u2019s strong quarterly finish. Trader enthusiasm was further boosted by <a href=\"https:\/\/t.co\/Z0RwAD4xHa\" target=\"_blank\" rel=\"noopener\" title=\"\">Canada\u2019s decision to roll back its proposed digital services tax<\/a>, a move aimed at easing tensions with the U.S. ahead of renewed tariff discussions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Trade Progress and Fed Outlook Drive Sentiment<\/h2>\n\n\n\n<p>The market welcomed the news that Canada would not proceed with its digital services tax, a contentious issue that had <a href=\"https:\/\/t.co\/VxCaDeEN4U\" target=\"_blank\" rel=\"noopener\" title=\"\">threatened to escalate into a wider trade dispute<\/a>. This gesture has smoothed the path ahead of President Trump\u2019s 90-day tariff reprieve deadline, with negotiations ongoing between the U.S. and key partners including India, Mexico, and Vietnam.<\/p>\n\n\n\n<p>At the same time, U.S. Treasury yields declined, reinforcing hopes of interest rate cuts later in the year. The 10-year yield has drifted lower amid signs of economic cooling and <a href=\"https:\/\/t.co\/UxVHDapI5x\" target=\"_blank\" rel=\"noopener\" title=\"\">dovish tones from Federal Reserve officials<\/a>. This has provided additional support for equity valuations, particularly in interest-sensitive sectors such as tech and real estate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>On the 15-minute chart, the SP500 price remains well-supported by the 30-period moving average. After a steep dip to 6,136.65 last Friday, the index rebounded strongly. The MACD histogram has turned positive again, and the signal lines are tilting upward, suggesting a possible continuation of the bullish trend\u2014though momentum is modest.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image.jpg\" alt=\"\" class=\"wp-image-25558\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: SP500 consolidates below resistance as bulls regroup, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>With the S&amp;P sitting near all-time highs, resistance remains at 6,220. A sustained break above this level could trigger fresh upside. However, profit-taking and headline risks may keep the index oscillating between 6,180 and 6,220 in the near term.<\/p>\n\n\n\n<p>The bullish equity trend may continue if <a href=\"https:\/\/t.co\/rE9pekFBYr\" target=\"_blank\" rel=\"noopener\" title=\"\">trade negotiations progress<\/a> and U.S. macro data remains soft but stable. However, stronger-than-expected inflation or labour figures could temper rate cut expectations and weigh on stock momentum.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*1azgbap*_gcl_au*NjE5NTE3MjY4LjE3NDQ2MDA3NDI.*_ga*MTY4OTgwNTU5Mi4xNzM2NzQ2MTgy*_ga_J26NL1ZVX7*czE3NDQ5NDQ0NTYkbzEyMCRnMCR0MTc0NDk0NDQ1NiRqNjAkbDAkaDA.\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 holds above 6,200 after a strong quarter-end rally, driven by Big Tech gains, easing trade tensions, and dovish rate expectations. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":21196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11,69],"class_list":["post-25556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-sp500"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=25556"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/25556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/21196"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=25556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=25556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=25556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}