HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
US markets end higher on Friday
Jun-28-2025

The US markets ended higher on Friday with Dow Jones Industrial Average settling higher by one percent after President Donald Trump indicated the U.S. had signed an agreement with China. A White House official later clarified that the U.S. and China have agreed to an additional understanding of a framework to implement the Geneva agreement. A spokesperson for China's Ministry of Commerce subsequently said the two sides have confirmed the details of the framework. The spokesperson said Washington would lift restrictive measures, while Beijing would review and approve items under export controls. Besides, Commerce Secretary Howard Lutnick said the Trump administration expects to soon reach deals with ten major trading partners.

On the economic data front, while the Commerce Department released a closely watched report showing consumer prices in the U.S. crept up in line with expectations in the month of May, the report also showed core consumer prices rose by slightly more than expected. The report said the personal consumption expenditures (PCE) price index inched up by 0.1 percent in May, matching the uptick seen in April as well as economist estimates. The annual rate of growth by the PCE price index accelerated to 2.3 percent in May from 2.2 percent in April, which also matched expectations. Meanwhile, the core PCE price index, which excludes food and energy prices, rose by 0.2 percent in May after inching up by 0.1 percent in April. Street had expected another 0.1 percent uptick.

Dow Jones Industrial Average advanced 432.43 points or 1 percent to 43,819.27, Nasdaq surged 105.54 points or 0.52 percent to 20,273.46 and S&P 500 climbed 32.05 points or 0.52 percent to 6,173.07.


  RELATED NEWS >>