S&P 500 hits record high on hopes for trade deals

According to Bloomberg, the S&P 500 index rose 0.6% to a new record high, extending its rally on positive signals from the Trump administration regarding trade agreements with key partners ahead of the July 9 tariff deadline. Since the beginning of April, the index has surged by 25%, while the Nasdaq 100 has gained 0.6%. The VIX volatility index remained near the 16.5 level, reflecting a calm market environment.

Positive market sentiment is driven by expectations that the White House will conclude the tariff agreements, thus leading to gains in US stocks. At the same time, as the agency's experts note, no large-scale breakthroughs in global trade have yet been achieved.

Meanwhile, shares of solar and wind energy companies have fallen due to an impending reduction in key tax incentives for renewable energy projects. Tesla Inc. securities have been declining for the fifth consecutive session. As Bloomberg explains, the bill includes provisions for a reduction in subsidies for electric vehicle development, including tax incentives for their purchase.