(Reuters) -programs tracked the S&P 500 and NASDAQ at highest highlights ever on Monday, as optimism over US trade negotiations with its key partners helped support upward momentum in markets.
Rose Premarket technology's heavy pressure shares after Canada eliminated its digital service tax targeting U.S. technology companies, just hours before it comes into effect, in an attempt to promote stopped trade negotiations with the United States.
Shares of Amazon, meta, alphabet and Apple platforms marginalized in the range of 0.6% and 1.7%.
The S&P 500 benchmark and the NASDAQ-technology compound always rose to highlights on Friday, as bets of US deeper interest rate cuts and renewing the refurbishment optimism around and helping markets bounce tumor months of lengths driven by tariff policies and the geopolic tension of US President Donald Trump.
Focus is now moving to a deadline on July 9 for countries to arrive with bargains with the United States or seeing tariffs picking higher, but Trump has said it could extend the deadline on the tariff or “make it shorter”.
Investors are also looking into economic data and financial policy developments to see if the latest bull run in US stocks can continue.
The US Parliament Republicans pushed President Donald Trump's sweeping tax cut and spent a bill forward in a marathon weekend session. Parliamentarians are expected to start voting on a potentially long list of amendments to the Bill starting at 9 for EDT (1400 GMT) on Monday.
Key economic data statements this week include non -farm payrops and the Institute of Management Institute for Manufacturing and Services Survey sectors for June. Several US Central Bank Officers including the Chairman of the Federal Fund Jerome Powell are expected to speak later this week.
There is a host of soft economic data and expectations that Trump will replace Powell with someone Dovish pushed bets of Fed Raters cuts this year.
By 5:48 am ET (0948 GMT), S&P 500 E-Minis was up 24.5 points, or 0.39%. E-minis climbed NASDAQ 100 137 points, or 0.6% and added E-Minis Dow 205 points, or 0.46%.
Despite the highest highlights for US stocks, the S&P 500, NASDAQ and Dow are set for their weakest half performances since 2022.
Among other movers, the shares of large US banks rose after the annual “stress test” of the Federal Fund found twenty -two of the greatest banks of the US in good position to survive theoretical serious economic downturn and continue borrowing.
The optimistic screening could lead to banks increasing the amount of excess capital they intend to distribute to shareholders through dividends or stock -offs.