LIVE: Dow Surges, Nasdaq Hits New High as Tax Bill Pushes Forward & Tariff Threats Cool
Markets are rallying fast — Dow, S&P, Nasdaq in the green as tax cuts gain traction and trade tensions ease. Follow live update as it happens.
U.S. stock markets saw early gains on Monday, as easing trade pressures and progress on a major tax package helped lift investor sentiment. The session marked a positive start to a shortened trading week ahead of the Independence Day holiday.
By the close, the Dow Jones Industrial Average had advanced by around 0.5%, while the S&P 500 rose roughly 0.3%. The Nasdaq Composite, driven by strong tech performance, added approximately 0.4%.
Investor confidence was boosted by developments suggesting smoother relations with key trading allies. A planned digital tax targeting American technology firms was shelved at the last minute by a U.S. trade partner, signaling a shift in tone that could open the door to further negotiations. This followed recent comments from U.S. leadership hinting that new import duties may not be necessary after all.
Also Read: Senate Shocks Clean Energy Industry with Last-Minute Bill Changes, Musk Calls It “Destructive”
Markets had already ended last week on an upbeat note, and Monday's session extended that momentum. The S&P 500 and Nasdaq touched fresh highs — their best levels since early this year — driven by easing concerns around trade disruptions and policy uncertainty.
Attention is now turning to a fast-moving tax proposal being debated in the Senate. The $4.5 trillion plan, backed by the administration, faces internal hurdles as lawmakers work to finalize support. Current projections suggest the package could significantly widen the federal deficit over the next ten years. A packed Senate schedule includes a full day of amendment reviews.
Elsewhere, investors are keeping a close eye on labor market data due later this week. Thursday’s jobs report is expected to offer insight into economic strength and may shape expectations around possible Federal Reserve interest rate moves. With markets set to close early Thursday and remain shut Friday, analysts anticipate thinner trading and potential volatility.
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Key Moments
- Dow jumps 0.5% as markets open strong for the week.
- Canada drops digital tax, reviving trade deal hopes.
- Senate begins marathon session on $4.5T tax bill.
- S&P 500 and Nasdaq hit fresh highs after Friday rally.
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30 Jun 2025 11:16 AM
Wall Street Opens Higher as Trade Deal Optimism BuildsMarkets opened in the green on Monday, kicking off the shortened trading week with strong momentum. Optimism around potential trade breakthroughs ahead of the July 9 deadline is helping drive early gains.
The Dow rose by 0.5% shortly after the bell, the S&P 500 climbed 0.3%, and the Nasdaq posted a 0.4% increase as tech stocks gained early traction.
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30 Jun 2025 11:18 AM
HPE Shares Surge After DOJ Deal Clears Path for Juniper Buyout
Hewlett Packard Enterprise saw its stock jump over 13% Monday morning after reaching a settlement with the U.S. Department of Justice, clearing a key hurdle in its $14 billion deal to acquire Juniper Networks.
The DOJ had previously challenged the merger in January, citing antitrust concerns. With the legal dispute now resolved, HPE CEO Antonio Neri confirmed that the company is moving ahead with finalizing the acquisition.
Juniper shares were little changed in early trading. Analysts see the merger as a strategic move to strengthen HPE’s presence in AI and next-gen networking, with Bank of America noting the deal positions HPE to better compete in AI-focused data center and cloud markets.
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30 Jun 2025 11:19 AM
Oracle Stock Jumps on Major Cloud Deals, Eyes Record High
Oracle shares surged over 7% Monday morning, putting the stock on track for a new intraday high after the company revealed it had secured several major cloud service contracts.
In a recent SEC filing, Oracle noted the deals include one expected to generate more than $30 billion in yearly revenue starting in fiscal year 2028. CEO Safra Catz called it a "strong start to FY26," highlighting the continued triple-digit growth in its MultiCloud database business.
The software giant reported $57.4 billion in revenue for FY25, which ended May 31. Oracle previously teamed up with OpenAI and SoftBank on the ambitious $500 billion Stargate AI data center project, though that initiative has since faced delays.
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30 Jun 2025 11:21 AM
Solar Stocks Struggle After Senate Surprises Industry with New Tax Proposal
Solar stocks were mixed this morning after a surprise move by the Senate rattled the clean energy sector. A new draft of the tax and spending bill includes a proposed tax on wind and solar projects completed after 2027 — but only if they use parts made in China.
That’s a big deal for the industry, which still depends heavily on Chinese components like solar panels and batteries. The American Clean Power Association warned the change could leave billions of dollars in current projects stuck in limbo.
This is the second shake-up for renewables in just a few weeks, after earlier news that lawmakers want to phase out clean energy tax breaks faster than expected.
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30 Jun 2025 11:23 AM
Bitcoin Frenzy Grows on Trump Hype — Altcoins Left Behind
Bitcoin is running the show right now. Its dominance in the crypto market has climbed to 64%, the highest it's been since early 2021. Fueling the run? Buzz around Trump’s vocal support for crypto. But while BTC grabs headlines (and capital), most altcoins are barely moving — and in some cases, slipping further behind.
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30 Jun 2025 11:36 AM
Nvidia Still a Favorite at Morgan Stanley Despite Supply Chain Jitters
Morgan Stanley isn’t backing down on Nvidia. The investment firm reaffirmed the chipmaker as its top stock pick in the semiconductor space, even as concerns grow about potential supply chain slowdowns.
In a new client note, analyst Joseph Moore said Nvidia's production is moving fast — maybe too fast for some parts of the supply chain to keep up, especially when it comes to building AI GPUs into full server systems. But despite some skepticism about what 2026 might look like, Moore said demand for Nvidia’s new Blackwell chips remains very strong, and recent industry checks suggest supply issues are starting to ease.
Moore added that, for now, Nvidia's near-term pipeline looks solid, especially with AI spending still booming. The chip giant recently hit a new all-time high, though shares were slightly lower in early Monday trading.
