U.S. Stocks Hit Record on Trade Truce; Bonds Drop: Markets Wrap

S&P 500 hits all-time high after G-20; data curb advance
Crude oil advances as OPEC meets; gold drops most in a year

Wei Li, head of iShares EMEA investment strategy at BlackRock, on the U.S. and China trade truce.Daybreak: Europe (Source: Bloomberg)

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By Vildana Hajric and Jeremy Herron

June 30, 2019 at 9:21 PM UTC

Updated on

July 1, 2019 at 8:03 PM UTC

This article is for subscribers only.

U.S. stocks rallied to all-time highs after a trade truce with China, though finished well off highs of the day as measures of manufacturing activity showed growth slowing in the world’s largest economy. Treasuries fell with gold

The S&P 500 ended at a record for the first time in 10 days, led by a surge in chipmakers after President Donald Trump agreed to ease a ban on American companies supplying Chinese tech giant Huawei. The Nasdaq 100 hit a two-month high. Industrial shares underperformed, as a U.S. manufacturing gauge showed orders stalled last month.