Stock futures rise after S&P 500 notches a fresh record high: Live updates

CNBC

20 hours ago

Traders work on the floor of the New York Stock Exchange on June 27, 2025.
NYSE
Stock futures rose Sunday evening as investors look to cap a stunning month for stocks.
S&P 500 futures and Nasdaq 100 futures each added about 0.1%. Futures tied to the Dow Jones Industrial Average gained 130 points, or 0.3%.
The market's swift recovery this month comes as investors continue to monitor the whipsaw of global trade negotiations, which can quickly sway market sentiment and pose an ongoing threat to the strength of this rally. Still, June's surge reflects the exuberance of investors who are relieved that most of the Trump administration's most dire tariff threats haven't been implemented.
This month, the S&P 500 is up 4.4%, while the tech-heavy Nasdaq has jumped nearly 6.1%. The Dow, meanwhile, has added about 3.7% month to date.
U.S. equities are also coming off a fresh high on Friday, with the S&P 500 reaching a new record in more than four months after ending the session about 0.5% higher at 6,173.07 — overtaking its previous record of 6,147.43. At its low in April, the S&P 500 was down nearly 18% for the year when global trade and tariff tensions rocked the market.
The Nasdaq Composite hit an all-time high and closed at a record after adding about 0.5% on Friday, while the Dow Jones Industrial Average rose nearly 1%.
Stocks on Friday had pulled back from their session highs after President Donald Trump posted on Truth Social that the U.S. is immediately "terminating ALL discussions on Trade with Canada" in response to Ottawa's decision to move forward with a digital services tax on American tech firms. But earlier in the day, stocks ran up after Commerce Secretary Howard Lutnick said late Thursday that a framework between China and the U.S. on trade had been finalized, and that the Trump administration soon expects to reach deals with 10 major trading partners.
Investors remain confident that the strength in price indicates good news for the market moving forward, particularly as opportunities to buy the dip emerge.
"The bearish narratives—Middle East conflict, tariffs, soft economic data—keep getting invalidated by the price action," said Ken Mahoney, CEO of Mahoney Asset Management. "Every chance the market has had to break down has failed. Instead, it continues to do what bull markets do best: climb the wall of worry. We think this run can continue, not without volatility to the downside of course."