DailyEdge

The S&P 500 is back at an all-time high for the first time since February as optimism around Federal Reserve interest rate cuts and fading fears of tariffs have driven stocks higher

The US and China stepped closer to a full trade deal on Thursday, after making a pact to formally cement the informal trade understanding reached in Geneva talks in May.

It wasn't that long ago that fears of a Chinese startup's AI advancements channeled a mix of anxieties about overblown tech stocks.

Equities are headed for a blue-sky scenario after the ceasefire in the Middle East drastically reduced the odds of a major disruption to energy prices.

Stocks drifted lower last week as investors continued to digest the impacts of a growing conflict between Israel and Iran while closely watching how President Trump's tariffs could impact the US economy.

US stock futures slipped on Friday as oil prices rose, with investors weighing the possibility of direct US military involvement in the Israel-Iran conflict after President Trump set a timeline for a decision.

Stocks came under pressure Tuesday but continue to hover near record highs, staging a ferocious comeback since their April lows.

US stock futures retreated on Tuesday amid dwindling hopes for a quick resolution to Israel-Iran hostilities, as President Trump played down the prospect of a truce and the two continued to trade strikes.

The recent stock market rally hit a pause last week, as an Israeli airstrike on Iran sent oil prices higher and equities lower to end the first full trading week of June.

US stock futures sank on Friday as Israel's attack on Iran shook global markets, leading oil prices to spike after Iran reportedly described the strike a "declaration of war".