Stock Market Today: S&P 500 and Nasdaq Hit Record Highs as June Closes Strong

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Market Indexes Continue Upward Momentum

The U.S. stock markets are poised to end June with impressive gains as major indexes reached new heights. The S&P 500 closed at a record high of 6,173.07 on Friday, while the tech-heavy Nasdaq Composite finished at an all-time high of 20,273.46. The Dow Jones Industrial Average climbed 1% to close at 43,819.27, now sitting just 2.7% below its all-time high recorded in December 2024.

Investor confidence has been bolstered by expectations of a U.S.-China trade deal and favorable economic data. For the week, all three major indexes finished in positive territory, with the Dow gaining 3.8%, the S&P 500 rising 3.4%, and the Nasdaq surging 4.2% last week.

Premarket Movers to Watch

This morning’s premarket trading shows significant movement across several stocks. Blue Gold Limited (BGL) is the standout performer, up over 297% at $80.01, while INmune Bio (INMB) has surged more than 72% to $10.86. The biotech company is scheduled to share data from its Alzheimer’s trial of XPro today, which has generated substantial investor interest.

Other notable gainers include Cyngn Inc. (CYN), up over 64% at $22.40, NanoVibronix (NAOV) rising 38% to $1.20, and GlucoTrack (GCTK) climbing 33% to $6.97.

On the downside, Aethlon Medical (AEMD) is down over 25% at $1.45, while Real Messenger Corporation (RMSG) has dropped more than 22% to $1.99 in premarket trading.

Tech Sector Leads Market Gains

Technology stocks continue to drive market performance, with AI-focused companies leading the charge. NVIDIA Corporation (NVDA) has been a standout performer, with shares up 1.72% in premarket trading to $157.75. The company’s stock has gained an impressive 17.49% year-to-date in 2025, building on its remarkable 171.23% surge in 2024.

Other tech giants showing strength include Alphabet Inc. (GOOGL), up 2.88% to $178.53, and its sister stock (GOOG) rising 2.20% to $178.27. These companies have benefited from the continued expansion of AI technologies and cloud computing services.

“The incredible stock market rebound is complete as S&P 500 and Nasdaq hit record highs,” noted market analysts, pointing to the resilience of U.S. equities despite ongoing global economic challenges.

Upcoming Earnings Reports

As we begin the new week, investors will be watching several earnings reports scheduled for release. After market close today, Progress Software (PRGS) is expected to report earnings of $1.30 per share. Other companies reporting this week include MSC Industrial (MSM) on Tuesday morning, with analysts expecting earnings of $1.30 per share, and Constellation Brands (STZ), projected to report $3.31 per share after Tuesday’s close.

The relatively light earnings calendar this week is due in part to the upcoming Independence Day holiday on Thursday, when markets will be closed. The bond market will also be shuttered on July 4th, with early closures scheduled for Wednesday.

Economic Concerns on the Horizon

Despite the market’s strong performance, some economic concerns loom on the horizon. President Donald Trump’s 90-day pause on “reciprocal” tariffs on dozens of nations expires on July 9, creating uncertainty for international trade. Analysts have warned this could potentially usher in what some are calling “the summer of economic hell” if new tariff policies are implemented.

In a positive development for U.S.-Canada relations, Canadian Prime Minister Mark Carney has indicated that Canada will rescind a digital services tax to restart trade talks with the United States. This move could help ease tensions between the two major trading partners.

Market Outlook

The CBOE Volatility Index (VIX), often referred to as the market’s “fear gauge,” was down 1.6% to 16.32 on Friday, suggesting relatively low levels of investor anxiety despite the market’s extended rally.

Trading volume has been robust, with 22.07 billion shares traded on Friday, higher than the last 20-session average of 18.27 billion. Advancing stocks outnumbered decliners on the NYSE by a 1.29-to-1 ratio, while on the Nasdaq, a 1.11-to-1 ratio favored declining issues.

As we enter the second half of 2025, market participants remain optimistic about further gains, supported by hopes for major trade deals, potential ceasefire in Middle East conflicts, and expectations of additional interest rate cuts in the coming months. However, investors should remain vigilant about potential volatility as geopolitical and economic uncertainties persist.

The markets today will likely continue to build on last week’s momentum, with technology and AI-related stocks expected to remain in focus as the second half of the year begins.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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