The S&P 500 Index ($SPX) (SPY) today is up +1.59%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.93%. June E-mini S&P futures (ESM25) are up +1.58%, and June E-mini Nasdaq futures (NQM25) are up +1.92%.
Stock indexes today are trading higher after President Trump over the weekend extended the deadline for the European Union to face 50% tariffs until July 9 after threatening to impose a 50% tariff on EU goods starting June 1. Stocks also garnered support from today's comments from National Economic Council Director Hasset, who said, "We'll probably see a few more trade deals, even this week," with India among the countries that are close to securing a deal. Gains in stocks accelerated today after the Conference Board US May consumer confidence index rose more than expected to a 3-month high.
