Markets Surge as S&P 500 Eyes Fresh Records
Published: Monday, June 30, 2025 By Stock Prop Reviews
As we close out June, Wall Street is ending the month with fireworks. Stock futures are up across the board this morning, and traders are eyeing even more record highs—driven by renewed optimism around trade and tech.
Futures Up — Tech Leads the Rally
Early Monday, S&P 500 futures rose 0.4%, while Nasdaq 100 futures climbed 0.6%. The Dow futures gained 230 points—up 0.5%.
What’s fueling the move? One key catalyst: Canada officially pulled back its digital service tax, just after former President Donald Trump announced an end to trade talks with Canada. That tax would have hit U.S. tech giants like Google, Meta, and Amazon starting today.
Tech stocks responded fast:
Meta Platforms +2% premarket
Alphabet (Google) +1%
Microsoft +0.5%
June Recap: A Market Rebound for the Books
Let’s zoom out for a second:
S&P 500 is up 4.4% this month
Nasdaq has soared 6.1%
Dow gained 3.7%
Just two months ago, the market was in panic mode — with the S&P 500 down 18% YTD in April. Fast forward to today, and the index is printing new all-time highs, alongside the Nasdaq.
So what changed?
According to Ken Mahoney (Mahoney Asset Management):
“Every bearish narrative has failed. Whether it's Middle East tensions, tariffs, or weak economic data — the market just keeps climbing the wall of worry.”
Trump’s “One Big Beautiful” Bill in Focus
While markets cheer, political risk still looms. Investors are watching to see if Trump’s ambitious new economic package will pass.
The bill passed a key Senate vote Saturday night
Its fate now lies in the House, where some GOP lawmakers are pushing back
If it clears, it could further boost economic sentiment — but any surprises here could shake investor confidence.
What This Means for Prop Traders
For funded and aspiring prop traders, this is a golden environment:
Volatility + Trend = Opportunity
Tech-heavy prop accounts may benefit from continued Nasdaq strength
Dollar strength/weakness could impact forex exposure — stay nimble
As always, don’t chase the hype — trade the plan, and manage your risk.
Want to get funded? Discover the top-rated stock prop firms of 2025.