Crypto Surge: Dow Soars, S&P Shatters Records—What’s Next?

U.S. Stocks Surge as S&P 500 Hits New peak

U.S. stocks demonstrated robust performance on Friday. The S&P 500 reached a new record, climbing 0.3% at the start. It hit 6,156.80, surpassing its previous high of 6,147.43 on February 19,2025. The Dow jones also opened higher, reflecting investor confidence.

The Nasdaq Composite joined the rally, opening 0.5% higher. This upward trend suggests a positive week for the market. The latest inflation figures played a key role in this rally. The personal consumption expenditures (PCE) price index, a key inflation measure, rose 0.1% in May. This data eased concerns about rising prices.

Core PCE, excluding food and energy, rose 0.2% in may. This is slightly above the 0.1% expected by economists.

Despite these inflation numbers, the market remains bullish. Improved Middle East relations and tariff announcements have helped calm investor fears. bitcoin, the leading cryptocurrency, is also on the rise, nearing $107,000.

Investors are now looking to the Federal reserve’s next steps. There’s growing hope that the Fed might cut interest rates at its July meeting. The White House also stated that President Trump’s July tariff deadlines for several countries are “not critical.”

Key points to watch:

• S&P 500 hits new record high.
• Dow and Nasdaq open higher.
• Inflation data slightly above expectations but markets remain strong.
• Bitcoin approaches all-time high.
• Focus on Fed’s potential rate cut in July.