US Indices Approach All-Time Highs

SIA Wealth Morning Minutes will not be issued Thursday, they will return on Friday June 26th. Tomorrow, Colin will be appearing on BNN Bloomberg’s The Street from 8:00-9:00 am EDT.

What a wild roller coaster ride the first half of this year has been. From all-time highs in January, stocks plunged as tariffs took hold, then as the tariff war shifted to negotiations stocks steadily climbed a wall of worry. Yesterday, as the Israel-Iran ceasefire took hold, the NASDAQ 100 rallied to a new all time high, and the S&P 500 is getting close.

This morning finds US index futures trading between -0.1% for Dow Futures to +0.2% for NASDAQ futures, consolidating yesterday’s US index gains of 1.2% to 1.4%. In Europe, the FTSE is flat and the Dax is down 0.5%.

Crude Oil is up 0.5%, stabilizing near $65.00/bbl, while Gold is up 0.2%. The US 10-year treasury note yield is steady near 4.30% as Fed Chair Powell prepares for another day of testimony to Congress. FedEx is down 5.1% premarket despite beating the street on earnings ($6.07 vs street $5.82).

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