Trade Tensions Down, Economic Data Up
The Weekly Update
Week of June 9th, 2025
By Christopher T. Much, CFP®, AIF®
Stocks rallied last week as investors responded to upbeat economic data and easing trade tensions.
The Standard & Poor’s 500 Index added 1.50 percent, while the Nasdaq Composite Index rose 2.18 percent. The Dow Jones Industrial Average advanced 1.17 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, picked up 0.78 percent.
S&P 500 Closes Above 6,000 (Again)
Early in the week, markets notched steady gains as investors awaited key economic indicators and monitored ongoing trade discussions. Megacap tech names—particularly AI chipmakers—led the broader market higher, as sentiment stayed bullish on prospects for a U.S.-China trade deal.
Midweek, however, concerns over tariffs and a notable decline in one megacap tech stock slowed overall market momentum. Recent conversations between the U.S. and Chinese leadership helped investors envision progress toward a trade deal between the two nations.
On Friday, stocks pushed higher …