The S&P 500 concluded a turbulent session with minimal change as President Trump’s remarks on China caused market fluctuations. Despite initial losses triggered by trade concerns, positive earnings and inflation data contributed to the S&P 500’s rebound, achieving its largest monthly gain since November 2023. Investors are closely monitoring tariff developments and anticipating potential Federal Reserve interest rate cuts.
Fed can afford to stay patient as inflation risks ease: Steve Englander
The Federal Reserve is unlikely to alter interest rates soon, as inflation moderates and the economy remains stable, according to Steve Englander of Standard Chartered.
July 2, 2026