Summary
- It was reported that the United States stock market hit an all-time high on the back of anticipation for progress in trade agreements.
- The S&P 500 and Nasdaq indices reportedly continued their bullish trend despite concerns over Middle East tensions and trade conflicts.
- It was stated that the United States expects to conclude trade agreements with more than 12 countries by early September.
The United States stock market reached an all-time high, buoyed by hopes for progress in trade agreements. The S&P 500 and Nasdaq indices continued their upward trend despite concerns over Middle East tensions and trade conflicts.
On the 27th (local time), the virtual asset (cryptocurrency) media outlet Blockbeat reported, "Investors in the United States are increasingly ignoring geopolitical risks," and added, "In today's trading, both the S&P 500 and the Nasdaq Composite Index set new record highs."
According to Google Finance, the Nasdaq index surpassed 20,240.99 on this day. The S&P 500 index also renewed its all-time high at 6,164.69.
Earlier the same day, U.S. Treasury Secretary Scott Besant stated at a joint briefing with the Secretary of Commerce, "The United States is currently close to concluding trade agreements with multiple countries and expects to finalize negotiations with more than 12 countries by early September."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
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