U.S. stocks are hitting record highs as Wall Street approaches the end of a strong month of gains. The S&P 500 rose by 0.3% following a notable rebound from a 20% spring sell-off. Support came from Canada rescinding plans to tax U.S. tech firms, aligning with President Trump's threats to impose tariffs. Experts caution, however, that this optimism could be quickly reversed as past patterns show that market rallies can provoke tariff escalations, raising risks of renewed trade tensions that may affect global economic stability.
U.S. stocks are rebounding strongly thanks to hopes for trade agreements, with the S&P 500 and Dow Jones reaching record highs after spring lows.
The market is reacting to trade tensions with Canada easing, which signals potential for future talks and might influence upcoming tariff implementations.
Historically, record highs have led to escalated tariffs. Deutsche Bank warns renewed tariffs may soon follow this market rally if no agreements are struck.
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