Summary
U.S. stocks reached a new high on Friday, with the S&P 500 and Nasdaq making record gains. This rise comes after a sharp fall earlier in the year due to concerns about trade policies. Other factors like crude oil prices and U.S.-China trade talks also played a role in market movements.
Key Facts
- U.S. stocks, including the S&P 500 and Nasdaq, hit record highs on Friday.
- Stocks recovered quickly from a nearly 20% drop earlier this year.
- The S&P 500 rose by 0.5%, and the Dow Jones Industrial Average increased by 1%.
- Nike led gains among companies, despite warning about tariff impacts.
- U.S. and China signed a trade deal to ease access to critical materials.
- Crude oil prices in the U.S. remained mostly unchanged.
- Inflation slightly increased in May, aligning with economists' expectations.
- The U.S. has 10% tariffs on all imported goods, with higher rates on some items like Chinese goods and steel.
