Newscasts - S&P 500, Nasdaq cap best quarter in over a year

Juniper Networks

30/06/2025 23:03

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Source: 'Reuters - Business videos'

Description: The S&P 500 and Nasdaq Composite indexes ended the quarter with double-digit gains as hopes for trade deals and possible rate cuts eased investor uncertainty. Lisa Bernhard has more.

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Video Transcript:

The S&P 500 and NASDAQ hit record-closing highs again on Monday, capping their best quarter in over a year as each index rallied roughly 0.5%, while the Dow gained more than 0.6%. Trade deals with China and the UK fueled optimism that an all-out global trade war can be minimized with hopes for more deals to be reached before President Donald Trump's July 9 deadline. The end of the quarter was also influenced by fund managers making their portfolios look more attractive at the end of the reporting period, says Chris Brigati, Chief Investment Officer and Managing Director at SWBC.

We are experiencing a little bit of month end, so there could be some window dressing, people getting more fully invested, putting cash to work in the market as well. That tends to influence the month-end period as well. One of the things that I'm very thoughtful of is we continue to see further progress with regard to the tariff situation and the trade war. And as that happens, people feel more comfortable investing and putting their cash to work in the market. And I think that's what we're experiencing.

Shares of big US banks, including JPMorgan Chase and Wells Fargo, rose after most cleared the Federal Reserve's annual stress test, paving the way for billions in stock buybacks and dividends. Shares of Juniper Networks jumped about 8.5% after the US Justice Department settled its lawsuit challenging server-maker Hewlett Packard Enterprise's all-cash acquisition of the networking gear maker for $14 billion. Shares of Hewlett Packard Enterprise surged 11%. And shares of Oracle gained 4% after the company said a new cloud services agreement is expected to contribute more than $30 billion to annual revenue, starting in fiscal year 2028.