Dow Jones up on strong trade news, Trump’s tax bill
2025-07-04 05:40:37
Main Idea
U.S. stock indices rose due to positive developments in trade and anticipated tax cuts, while Trump's proposed budget and trade negotiations influenced market sentiment.
Key Points
1. U.S. stock indices (Dow Jones, S&P 500, Nasdaq) saw gains on June 30, with increases of 0.39%, 0.28%, and 0.27% respectively.
2. Trump signaled no need to extend the July 9 trade deadline but indicated readiness to resume negotiations once tax issues are resolved.
3. Trump's proposed budget includes $4.5 trillion in tax cuts, which is driving bullish market momentum.
4. Elon Musk criticized the tax bill as 'utterly insane and destructive,' arguing it would harm the U.S. economy.
5. Kraken announced the listing of tokenized U.S. stocks with 24/5 trading via xStocks.
Description
Markets have continued their bullish momentum after positive signs on trade and Trump’s impending tax cuts. U.S. stock indices are up on positive developments in trade and taxes. On Monday, June 30, Dow Jones was up 171 points or 0.39%, the S&P 500 was up 0.28%, while the tech-heavy Nasdaq was up 0.27%. Dow Jones Industrial Average heatmap | Source: TipRanks President Donald Trump signalled that trade talks with major trading partners are going forward at a good pace. On Sunday, June 29, Trump s...
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