S&P 500 extends gain to 45-points and a fresh record | Forexlive

The S&P 500 is up 45 points to a fresh record at 6185.

It’s bee a great week for stock markets following the Iran-Israel war and the S&P 500 is up 3.6% WTD. The market isn’t rattled by Trump trade comments as it’s concluded that tariffs won’t be overly inflationary and that other countries aren’t likely to retaliate.

Technically, a close anywhere above 6147 — which was the Feb high — is bullish and the higher the better. Next week is holiday-shortened by July 4 and the turn of the quarter could have some impacts. Beyond that, we will have to wait for meaningful economic data or comments on demand from corporates.