US close: S&P 500 wraps up Q2 at fresh record high

30th Jun 2025 22:35

(Sharecast News) - Wall Street stocks closed higher on Monday as major indices wrapped up an impressive month with a bang.

At the close, the Dow Jones Industrial Average was up 0.63% at 44,094.77, while the S&P 500 advanced 0.52% to 6,204.95 and the Nasdaq Composite saw out the session 0.47% firmer at 20,369.73.

The Dow closed 275.50 points higher on Monday, extending gains recorded in the previous session, while the S&P 500 and Nasdaq both built on Friday's record close.

Monday's primary was whether or not the Senate can push through Donald Trump's "one, big, beautiful" bill after clearing a massive hurdle when it narrowly passed a key procedural vote on Saturday night.

Trump celebrated the late-night vote and took to social media to say he was "VERY PROUD OF THE REPUBLICAN PARTY TONIGHT".

However, Trump's megabill still faces an iffy future in the House, with Republican lawmakers speaking out against revisions in the bill's latest version. Democrats said they would force the 940-page bill to be read aloud once it heads to full debate, with Senate minority leader Chuck Schumer saying, "we will be here all night if that's what it takes".

Tech billionaire and one-time Trump confidant Elon Musk took aim at the Senate for passing the massive domestic policy package, calling it "utterly insane and destructive."

Elsewhere, Canada walked back its digital services tax "in anticipation" of a mutually beneficial comprehensive trade arrangement with the United States - just one day before the first payments were due to be made. Canada's decision to halt the 3% charge on Canadian revenue above $20.0m comes after Trump said over the weekend that he would be "terminating ALL discussions on Trade with Canada".

Market participants also awaited the announcement of further trade deals, with Trump's 90-day tariff reprieve set to expire on 9 July. Treasury secretary Scott Bessent said on Monday that the White House was "negotiating in good faith" with a number of countries, but cautioned that if deals couldn't "get across the line because they are being recalcitrant", then tariffs would likely revert back to levels not seen since 2 April.

On the macro front, the Institute of Supply Management's Chicago purchasing managers index unexpectedly decreased to 40.40 points in June, down from 40.50 points in May and short of expectations for an improvement to 43.0.

Elsewhere, the Dallas Federal Reserve's manufacturing business index rose to -12.7 in June, up from -15.3 in May but still pointing to a fifth straight month of contraction. Output was flat for a second month, while new orders remained negative at -7.3 and price pressures stayed elevated, with finished goods prices rising to 26.1 - the highest in almost three years.

In the corporate space, shares in Hewlett Packard were higher after the Department of Justice settled its lawsuit challenging its $14.0bn acquisition of Juniper Networks, while Moderna was also in the green on the back of news that the drugmaker's experimental flu vaccine showed a positive response in a late-stage trial.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $707.75 2.45%

Verizon Communications Inc. (VZ) $43.27 2.27%

Visa Inc. (V) $355.05 1.85%

International Business Machines Corporation (CDI) (IBM) $294.78 1.75%

Travelers Company Inc. (TRV) $267.54 1.61%

Apple Inc. (AAPL) $205.17 1.48%

Walt Disney Co. (DIS) $124.01 1.37%

Cisco Systems Inc. (CSCO) $69.38 0.99%

JP Morgan Chase & Co. (JPM) $289.91 0.98%

Unitedhealth Group Inc. (UNH) $311.97 0.93%

Dow Jones - Fallers

Boeing Co. (BA) $209.53 -2.34%

Dow Chemical Co. (DOW) $26.48 -1.93%

Nike Inc. (NKE) $71.04 -1.39%

Intel Corp. (INTC) $22.40 -1.17%

Home Depot Inc. (HD) $366.64 -0.57%

Chevron Corp. (CVX) $143.19 -0.42%

Procter & Gamble Co. (PG) $159.32 -0.34%

Salesforce.Com Inc. (CRM) $272.69 -0.27%

Dowdupont Inc. (DWDP) $0.00 0.00%

Microsoft Corp. (MSFT) $497.41 0.08%

S&P 500 - Risers

Hewlett Packard Enterprise (HPE) $20.45 11.08%

Juniper Networks Inc. (JNPR) $39.93 8.45%

Whirlpool Corp. (WHR) $101.42 5.46%

Equinix, Inc. (EQIX) $795.72 4.67%

PVH Corp. (PVH) $68.60 4.35%

Oracle Corp. (ORCL) $218.63 3.99%

Charter Communications Inc. (CHTR) $408.81 3.76%

Mosaic Company (MOS) $36.48 3.28%

Northern Trust Corp. (NTRS) $126.79 3.27%

Carnival Corp. (CCL) $28.12 3.15%

S&P 500 - Fallers

Fortive Corporation (FTV) $52.13 -27.19%

Nektar Therapeutics (NKTR) $25.84 -8.39%

Leggett & Platt Inc. (LEG) $8.92 -3.57%

Albemarle Corp. (ALB) $62.67 -3.51%

Lamb Weston Holdings, Inc. (LW) $51.85 -2.90%

CenturyLink Inc. (LUMN) $4.38 -2.88%

FMC Corp. (FMC) $41.75 -2.70%

Celanese Corp. (CE) $55.33 -2.54%

Flowserve Corp. (FLS) $52.35 -2.40%

National Oilwell Varco Inc. (NOV) $12.43 -2.36%

Nasdaq 100 - Risers

Charter Communications Inc. (CHTR) $408.81 3.76%

Booking Holdings Inc. (BKNG) $5,789.24 3.08%

Paychex Inc. (PAYX) $145.46 3.02%

Gilead Sciences Inc. (GILD) $110.87 2.96%

T-Mobile Us, Inc. (TMUS) $238.26 2.91%

Align Technology Inc. (ALGN) $189.33 2.63%

Broadcom Inc. (AVGO) $275.65 2.53%

Netflix Inc. (NFLX) $1,339.13 2.50%

Mercadolibre Inc. (MELI) $2,613.63 2.34%

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $467.82 2.20%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $2.77 -3.48%

Dollar Tree Inc (DLTR) $99.04 -2.20%

Intel Corp. (INTC) $22.40 -1.17%

Biogen Inc (BIIB) $125.52 -1.17%

Applied Materials Inc. (AMAT) $183.07 -0.96%

Tesla Inc (TSLA) $317.66 -0.94%

Microchip Technology Inc. (MCHP) $70.37 -0.90%

KLA-Tencor Corp. (KLAC) $895.21 -0.87%

Amazon.Com Inc. (AMZN) $219.39 -0.65%

Starbucks Corp. (SBUX) $91.63 -0.31%