Live Nasdaq Composite: Markets Clinch Record Highs on China Tariff Closure

By Gerelyn Terzo Updated Jun 27, 3:54PM EDT · Published Jun 27, 10:07AM EDT

Key Points

The S&P 500 has clinched its latest all-time high of 2025, buoying sentiment across the broader markets.
Tech stocks are mixed, with AAPL and AMZN seeing gains. Meta has just paid its latest dividend.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.

Live Updates

Canada Trade Talks Shuttered

Jun 27, 2025 at 3:54 PM EDT | Gerelyn Terzo

President Trump abruptly shuttered trade talks with North American partner Canada. The markets are holding onto gains but have come off their best levels of the session. The S&P 500 is letting its record high escape, while the Nasdaq Composite is looking to close up 0.31% today.

Record High Bandwagon

Jun 27, 2025 at 12:47 PM EDT | Gerelyn Terzo

At the current pace, the Nasdaq Composite is looking at a 4.3% gain for the week. With the broader market trading at all-time highs, a number of major stocks are trading at or near record-high levels, including Taiwan Semi (NYSE: TSM), up 1.75%, Microsoft (Nasdaq: MSFT | MSFT Price Prediction), up 0.10% and Nvidia (Nasdaq: NVDA), up 1.4% today.

UBS Touts Preferred Securities

Jun 27, 2025 at 11:22 AM EDT | Gerelyn Terzo

UBS senior fixed income strategist Frank Sileo is bullish on preferred securities, which blend features of both stocks and bonds. Sileo wrote: “For long-term investors, preferreds can provide high-quality, diverse, and durable portfolio income.” According to S&P Global, the majority of preferred securities are issued by banks.

The Nasdaq Composite is holding onto gains, up 0.46%.

Bearish on Banks

Jun 27, 2025 at 10:07 AM EDT | Gerelyn Terzo

Wall Street firm Baird is bearish on a couple of banks. The analyst firm warned that recent gains in financial stocks JPMorgan (NYSE: JPM) and Bank of America (NYSE: BAC) might soon be erased, owing to a questionable risk-reward future for both stocks. Baird handed both stocks downgrades, including JPM to an “underperform” and BAC to “neutral” with price targets of $235 and $52, respectively, attached.

The Nasdaq Composite is now up 0.34%.

This article will be updated throughout the day, so check back often for more daily updates.

The broader markets have crossed over into record territory on Friday even in the face of economic uncertainty. The S&P 500 has pushed beyond the 6,147 level to 6,159 in early trading, a fresh all-time high. In fact, all three of the major stock market averages are advancing, including a 0.34% gain in the tech-heavy Nasdaq Composite and a fractional gain in the Dow Jones Industrial Average. Big Tech stocks are trading mixed, with notable gains in Apple (Nasdaq: AAPL) and Amazon (Nasdaq: AMZN) of 1% and 1.8%, respectively.

President Trump has announced an agreement between the U.S. and China on trade. According to Treasury Secretary Scott Bessent, the U.S. tariffs on China are 30% compared with Beijing’s 10% on the U.S. On the economic data front, the May personal consumption expenditures price index rose by 0.1% last month, resulting in an annual inflation rate of 2.3%. Core inflation, which excludes food and energy costs, increased to 2.7%, higher than the Federal Reserve had anticipated.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Up 314.99 (+0.73%)
Nasdaq Composite: Up 108.50 (+0.56%)
S&P 500: Up 33.86 (+0.56%)

Market Movers

Nike (NYSE: NKE) is tacking on 15.4% today after its quarterly results beat estimates on both the top and bottom lines. Nike expects a tariff impact of a hefty $1 billion in the current fiscal year, but Wall Street is seeing the glass half full.

MP Materials (NYSE: MP) is falling 6.3% today on profit taking after a recent rally.

Meta Platforms (Nasdaq: META) is up 0.89% today despite some regulatory headwinds originating from the EU. Meta paid its latest quarterly dividend yesterday, bringing Mark Zuckerberg’s total META dividend tally to a reported $1 billion-plus.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.