U.S. Stocks Surge as S&P 500 Hits New Record High
U.S. stocks soared on Friday, with the S&P 500 reaching a new peak. The index climbed 0.3% at the open, hitting 6,156.80. This surpassed its previous high of 6,147.43 on February 19, 2025.
The Dow Jones Industrial Average opened 300 points higher, while the Nasdaq Composite rose 0.5%. This rally follows the latest inflation data. The personal consumption expenditures (PCE) price index, a key inflation measure, rose 0.1% in May. The annual U.S. inflation rate is now at 2.3%. The core PCE, excluding food and energy, increased 0.2% for the month and 2.7% year-over-year. These numbers were slightly above expectations. Despite this, the market remains strong, with the S&P 500 leading the charge. The Dow and Nasdaq also showed gains, signaling a positive week end.
Investors are keeping a close eye on inflation. The core PCE inflation was 0.2% for May and 2.7% year-over-year.
Several factors are boosting market confidence.A easing of Middle East tensions and tariff announcements have helped. Bitcoin is also on the rise,nearing $107,000.
Investors are now looking to the federal Reserve. There’s growing hope that the Fed might cut interest rates in July. The White House also stated that President Trump’s July tariff deadlines are “not critical.”
the market is optimistic. The S&P 500’s new high and Bitcoin’s recovery are key indicators. The Fed’s next move will be crucial. If rates drop, it could further fuel the market’s positive momentum.
