Trade Talk Optimism Power 7-Week Market Rally On Monday

Barry Adams
30 Jun, 2025
New York City

The seven-week stock market rally on Monday extended gains as investors estimated an improving outlook for trade discussions.

The S&P 500 index edged up 0.4%, and the tech-heavy Nasdaq Composite inched up 0.6%, and the U.S. dollar index hovered near its multi-year low.

Benchmark indexes have rebounded more than 23% from the lows reached on April 8, and investors remain optimistic about the earnings outlook for the second quarter. 

Over the last seven weeks, benchmark indexes rebounded after the Trump administration repeatedly backed down from the aggressive tariff stance, and the steady rise in consumer spending, driven in part by the sustained rise in wages, also supported the advance.

Retailers and manufacturing companies reliant on imported finished and intermediate goods have so far withstood the tariff-driven chaos, but small companies have suffered the worst impact of disruptions in international trade. 

For now, investors are ignoring the Trump administration’s erratic trade policy, its unpredictable slide into a combative stance, and the weakening economic data while focusing on the upcoming earnings season.

This week investors are looking forward to the release of the manufacturing survey and construction spending data, non-farm payrolls, balance of trade, and factory orders.

On the earnings front, investors are anticipating results from Quantum Corp., Progress Software, Franklin Covey, Goodfellows Inc., PetMed Express, MSC Direct, Constellation Brands, Barnes & Noble Education, Greenbrier, and UniFirst Corp.

 

U.S. Stock Movers

Canada agreed to halt the start of the Digital Service Tax from Monday and resumed trade negotiations, driving leading tech companies higher in Monday's trading.

Amazon.com Inc. edged up 0.1% to $223.55, Meta Platforms Inc. advanced 0.2% to $746.15, Alphabet Inc. gained 1.9% to $181.85, Microsoft Corp. increased 0.9% to $497.84, and Apple Inc. inched higher 0.2% to $497.84.