The S&P 500 Clinches Another Record
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Good morning. The S&P 500 notches a fresh record. China’s planned mega-dam is stirring the pot in South Asia. And Samsung leans on AI to take on the Apple Watch. Listen to the day’s top stories.
The S&P 500 closed above 6,300 for the first time as traders look for signs of resilience in earnings amid trade turmoil. Wall Street’s biggest bull at Wells Fargo is as optimistic as ever, expecting the benchmark to notch double-digit gains in the second half thanks to Big Tech. The yen extended gains, but strategists warned of risks to the currency and Japanese government bonds after Prime Minister Shigeru Ishiba’s election defeat.