Stock Market Update Friday June 27, 2025

Stock Market Update Friday June 27, 2025 Equities notched fresh all-time highs twice during today’s session, as bullish momentum carried over from earlier in the week. A strong open saw broad-based buying push major indices decisively into record territory. However, sentiment briefly wavered late in the day following a combative tweet targeting Canada, reigniting concerns over unresolved trade tensions. Still, the pullback proved fleeting, as dip buyers swiftly reasserted control, driving the S&P 500 (SPX) to close at a new historical high.

By the closing bell:

• S&P 500 (SPX): +0.5%

• Nasdaq-100 (QQQ): +0.4%

• Russell 2000 (IWM): flat

Away From Stocks: U.S. Treasurys faced modest selling pressure, with yields on the 2-year and 30-year notes ticking up 3 and 4 basis points, respectively, to 3.73% and 4.85%, reflecting a modest bear steepening of the yield curve.

In commodities, WTI crude held steady at $65/barrel, while gold sold off sharply, dropping nearly 2% to $3,273/oz, likely amid rising real yields and reduced haven demand.

Meanwhile, Bitcoin remained rangebound near $107,000, and the CBOE Volatility Index (VIX) eased, settling in the low 16s — signaling a generally risk-on tone despite intraday geopolitical jitters.

• U.S. Growth Contracts as Spending Slows and Inflation Surprises

• Congressional Leaders Strike SALT Deal, But Budget Negotiations Remain Contentious

Personal income and consumer spending both posted unexpected declines, with monthly spending registering its second consecutive negative reading. At the same time, core PCE inflation—the Federal Reserve’s preferred gauge—surprised to the upside, complicating the policy outlook.