S&P 500 Breaks 6,200 as Tech Stocks Lead Record-Breaking Quarter

The S&P 500 closed above 6,200 for the first time in history, settling at 6,204.95 amid a broad market rally. Tech-heavy Nasdaq Composite ROSE 0.47% to 20,369.73, while the Dow Jones Industrial Average gained 275 points to 44,094.77. June marked a standout month with the S&P 500 up 5%, Nasdaq climbing 6%, and Dow advancing 4%. The second quarter delivered even stronger returns—S&P 500 surged 10%, Nasdaq leaped 18%, and Dow gained 5%.

Canada abruptly abandoned its digital services tax plan following President Trump's termination of trade talks. The proposed tax WOULD have targeted major tech firms including Google, Meta, and Amazon. With Trump's 90-day tariff freeze expiring next week, Treasury Secretary Bessent signaled potential tariff reinstatements for uncooperative trading partners, though no formal changes have been announced.