Stocks end at all time highs amid mixed trade news
U S stocks closed at record highs as the S&P 500 hit a new peak with gains across most sectors. The Nasdaq and Dow also rose, while Trump halted talks with Canada briefly unsettled markets before investors shrugged off the move. Nike led gains after tariff warnings, and oil prices eased back toward preconflict levels as trade talks with China progressed. Inflation data for May showed price gains in line with forecasts.
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Wall Street
Sam Stovall
CFRA
Donald Trump
Canada
Nike
China
U.S. Treasury
Scott Bessent
Commerce Ministry
Trump halts trade talks with Canada over digital tax
President Trump suspends all trade discussions with Canada after Ottawa said it would press ahead with a 3 percent digital services levy on online firms. He warned Canada of new tariffs within seven days while Canada’s Mark Carney urged continued negotiations in Canadians' interests.
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Scott Bessent
Republicans push Trump tax bill toward July 4 deadline
Senate Republicans press to move the 3.8 trillion tax package with deep cuts to food stamps health care and green energy despite Democratic opposition. White House and House GOP negotiators seek a SALT deal applicants said to be near completion as Johnson Thune and BesSeeing push for passage before the July 4 deadline.
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Faith and Freedom
Smucker to remove artificial colors across products by 2027
J M Smucker Co plans to drop synthetic dyes from its foods by end of 2027 and from items sold to K-12 schools by the 2026 2027 school year. The Orrville based company notes most products like Uncrustables are already dye free but some remain including sugar free jams and ice cream toppings.
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J.M. Smucker Co
Orrville
Ohio
Smucker
Hostess
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