The stock market began Monday’s session on pace to end the first half of 2025 with another record close.
The Dow Jones Industrial Average was up 215 points, or 0.5%. The S&P 500 was up 0.3%. The Nasdaq Composite was up 0.5%.
Stocks were rising as President Donald Trump’s tax bill made progress ahead of a July 4 deadline.
“Focus will remain on Washington and if passage of the Big, Beautiful Bill becomes even more likely (meaning it passes the Senate and there’s no major pushback from House members) that should further add to the upward momentum in the market,” writes Sevens Report Research’s Tom Essaye.
The S&P 500 and Nasdaq each marked their first record closes in months on Friday. The next test for the market will be the June jobs report, which is out Thursday because U.S. exchanges will be closed on Friday for Independence Day.
“After a rebounding tech sector propelled the S&P 500 back to all-time highs last week, it may be up to the labor market to keep the momentum going this week,” writes Chris Larkin, managing director, trading and investing at E*TRADE from Morgan Stanley. “So far, the market has shrugged off signs of a slowing economy, but with the tariff picture still up in the air, a negative surprise on the jobs front could have more of an impact, especially during what will likely be a light-volume holiday week.”
Source: Stock Market Today: Dow, S&P 500, Nasdaq Gain; Canada, Trump Trade Talks Lift Stocks;
