The S&P 500 index and the Nasdaq have both reached new highs.

On June 27, driven by the latest developments in trade disputes and U.S. Congress budget negotiations, the U.S. stock market reached new highs on Friday. Both the S&P 500 index and the Nasdaq Composite index hit new records, as investors increasingly ignored the economic threats posed by the trade war and instability in the Middle East. U.S. Commerce Secretary and Treasury Secretary Becerra both stated that the U.S. is close to reaching many trade agreements. Becerra said Washington hopes to complete trade negotiations with a dozen countries before early September. ( Jin10 )