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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.