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S&P 500 Nears All-Time High Amid Israel-Iran Ceasefire, Consumer Concerns Linger

S&P 500 Nears All-Time High Amid Israel-Iran Ceasefire, Consumer Concerns Linger

Published:
2025-06-24 18:16:02
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BTCCSquare news:

The S&P 500 (SPX) climbed 1.12%, hovering just 1% below its all-time high as geopolitical tensions eased following a ceasefire brokered by former President Donald TRUMP between Israel and Iran. "Both nations equally sought an end to hostilities," Trump declared, claiming credit for dismantling nuclear facilities before halting the conflict. Iran has partially reopened its airspace, while Israel prepares for a full resumption of operations.

Despite the market rally, U.S. consumer confidence dipped to 93.0 in June—missing estimates of 99.8—as inflation expectations remained elevated at 6.0%. Tariffs dominated public anxiety, with economists noting their perceived drag on prices and economic growth. The disconnect between equity Optimism and household unease underscores the fragile underpinnings of the risk-on sentiment.

|Square

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