Wall Street Roars Into June as S&P 500 and Nasdaq Post Big Gains

U.S. markets surged into June with impressive momentum, as both the S&P 500 and Nasdaq posted their strongest opening week gains in nearly two years.

Driven by a combination of positive earnings reports and a renewed wave of investor confidence, the tech-heavy Nasdaq jumped 2.1%, while the S&P 500 climbed 1.8%. Traders cite upbeat guidance from AI-driven companies and stronger-than-expected job numbers as the driving forces behind the uptick.

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Energy and steel stocks also contributed to the rally following tariff reform talks out of Washington. Analysts say the market is now adjusting to the Trump administration’s “America First” economic agenda, which includes reshaping trade deals and reshuffling international supply chains.

Though the Federal Reserve has hinted at another rate hike, markets appeared unfazed. “It’s a bull sprint, not a bull run just yet but it’s encouraging,” said Nancy Lau, chief investment analyst at MorningStar Global.

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