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Stock market today: Dow, S&P 500, Nasdaq futures slip after markets close at new highs
US stock futures held steady on Tuesday as investors weighed improved market sentiment following fresh record highs.
Futures attached to the Dow Jones Industrial Average (YM=F) slid 0.1%, while those on the benchmark S&P 500 (ES=F) dropped 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) lost 0.3%.
On Monday, stocks continued a rally that started last week, with the Nasdaq and S&P 500 notching new record highs. Reports of progress on US trade deals with Canada and the European Union boosted Wall Street's mood even as the July 9 deadline for the resumption of President Trump's "reciprocal" tariffs looms.
Meanwhile, the Senate is making a final push to advance Trump's signature legislation. A final vote could come as soon as Tuesday even as last-minute changes have pushed the bill's price tag up by nearly $1 trillion.
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Three wild months on Wall Street: Stocks hit record highs, dollar stumbles to historic lows
US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street.
The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.47%.
The S&P 500 and Nasdaq both closed at fresh record highs, extending their gains after notching record highs on Friday.
The S&P 500 posted its best quarter since December 2023. The Nasdaq posted its best quarter since June 2020. It was a major rebound after markets had a dismal first quarter.
After tumbling in March and early April as President Donald Trumpâs tariff policy shocked Wall Street, stocks then recovered their losses across May and June. At the halfway point into the year, the mood is remarkably different from three months ago.
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