财联社·2025-07-01 00:00Market Overview - The three major U.S. stock indices closed higher, with the S&P 500 and Nasdaq reaching new all-time closing highs [1] - On the last trading day of June, the Dow Jones increased by 0.63% to 44,094.77 points, the S&P 500 rose by 0.52% to 6,204.95 points, and the Nasdaq gained 0.47% to 20,369.73 points [2] - In June, the S&P 500 rose nearly 5%, the Nasdaq surged over 6%, and the Dow Jones accumulated more than 4% [2] Economic Context - The market's strength was partly due to Canada announcing the withdrawal of its digital services tax to facilitate trade negotiations with the U.S. [2] - Investors are awaiting potential agreements between the U.S. and its trade partners, as a 90-day tariff grace period announced by President Trump is set to expire next week [2] Market Sentiment - U.S. Bank Wealth Management's Chief Equity Strategist Terry Sandven noted that despite potential market volatility from the expiration of the tariff grace period and tax reform risks, improving fundamentals and market breadth could sustain the recent upward trend [3] - Sandven emphasized that the "wall of worry" in the market is crumbling, supported by stable inflation, steady interest rates, and an upward trend in corporate earnings [3] Performance of Major Stocks - Among the "Big Seven" tech stocks, Apple rose by 2.03%, Microsoft by 0.30%, and Nvidia by 0.15%, while Google fell by 1.29%, Amazon by 1.75%, Meta by 0.61%, and Tesla by 1.84% [4] - Most Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index down by 0.49%, Alibaba down by 0.59%, JD down by 1.30%, and NIO down by 0.87% [4]