Reported about 19 hours ago
On June 26, 2025, global markets showed strong gains as the dollar plummeted and stocks surged, fueled by increasing investor expectations of imminent U.S. interest rate cuts following President Trump's criticisms of Fed Chair Jerome Powell. Stocks reached new heights, including record peaks for the S&P 500 and Nasdaq, while the dollar fell to a three-year low. Analysts suggest that the financial landscape is bullish despite ongoing uncertainties regarding trade deals, with major bets placed on gold, high-tech stocks, and a weakening dollar.
Source: YAHOO