Updated
Updated · Bloomberg · Jun 30
S&P 500 Holds Flat Near Quarter-End as Index Caps 14% Surge Since April
Updated
Updated · Bloomberg · Jun 30

S&P 500 Holds Flat Near Quarter-End as Index Caps 14% Surge Since April

3 articles · Updated · Bloomberg · Jun 30

Summary

  • US index futures steadied and the S&P 500 was little changed in early trading, pointing to a calm final session after a powerful quarter-long rally.
  • 14% gains since the start of April have put the benchmark on track for its best quarter in six years, leaving little fresh momentum on the last trading day.
  • The dollar climbed as the yen slid to its weakest level since 1986, while European stocks headed for a record high and Asian shares advanced on chipmaker strength.
  • Abivax led gains in Europe after a clinical-trial update eased investor concerns, underscoring the broader risk-on tone outside the muted US open.

Insights

With markets hitting highs amid global turmoil, is the AI rally masking a looming economic downturn?
As central banks diverge, will the yen's historic slide against the dollar trigger a global currency crisis?