US stock futures rise as the market closes June with strong gains for stocks.

 

Wall Street, US stocks

US stock futures rise as the market closes June with strong gains for stocks.

US stock futures rose in early trading Sunday night as investors looked forward to capping off a month of gains in equities.

S&P 500 and Nasdaq 100 futures rose about 0.1% each. Dow Jones Industrial Average futures rose 130 points, or 0.3%.

This rapid market recovery this month comes as investors continue to monitor the sharp volatility in global trade negotiations, which could quickly affect market sentiment and pose a continued threat to the strength of this rally.

However, June's rally reflects investor enthusiasm, relieved that most of the Trump administration's most serious tariff threats have not been implemented.

This came after the three major US indices posted weekly gains on Friday, June 27, despite volatility after President Donald Trump announced the US was ending all trade talks with Canada, effective immediately.

This move came in response to Canada's decision to impose a digital services tax on US tech companies, according to a post on Truth Social on Friday afternoon.

"Based on this outrageous tax, we are hereby terminating all discussions regarding trade with Canada, effective immediately," he said. "We will inform Canada of the tariffs it will pay to do business with the United States of America within the next seven days."

The S&P 500 index hit a new record high, capping an unexpected turnaround for US stocks this year, overcoming trade and geopolitical turmoil to reclaim the record set in February. Friday's gains were driven by hopes of soon-to-be trade agreements with China and other countries.

The benchmark index closed up 0.52% to 6,173.07 points, breaking the previous record of 6,147.43 points.