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S&P 500 Futures Eye All-Time Highs After Key Resistance Breach on Trade Breakthrough
As stocks soared on new trade confidence and receding Fed worries, the S&P 500 smashed important barrier levels.
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Last updated: Wednesday, June 4, 2025
Quick overview
- Equities surged as the S&P 500 broke key resistance levels, closing up 3.3% and nearing February highs.
- A temporary 90-day suspension of most tariffs on Chinese goods by the Trump administration boosted market sentiment.
- The rally extended to other indices like the Dow Jones and Nasdaq, while commodity prices, particularly crude oil, also rose.
- The S&P 500's breakout above the 50-week and 50-day moving averages signals a potential continuation of the bullish trend.
Live SP500 Chart
S&P500
MARKETS TREND
As stocks soared on new trade confidence and receding Fed worries, the S&P 500 smashed important barrier levels.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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