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S&P 500 and Nasdaq 100 futures rise, surpassing all-time intraday highs: Live updates CNBCThe S&P 500 just ended the day inches away from completing a $9.8 trillion roundtrip. Here's what's going on CNNS&P 500 Chasing a Record High Ahead of PCE Inflation Report Barron'sStock market today: Stock rally leaves S&P 500, Nasdaq within inches of records, Dow gains 400 points Yahoo Finance
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Stock Market News June 26, 2025: S&P 500, Nasdaq Rise, Closing Near Record Levels WSJStock market today: S&P 500 has record in sight, Dow and Nasdaq climb as stock rally continues Yahoo FinanceUS market updates: Stocks near record highs as investors bet on Fed rate cut - as it happened ReutersThe S&P 500 just ended the day inches away from completing a $9.8 trillion roundtrip. Here's what's going on CNN
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Nike shares surge 10% on turnaround hopes despite worst results in years Financial TimesNike says tariffs will cost it $1 billion before price increases, supply chain shifts CNBCNike is raising prices in the US to weather $1 billion in higher tariff costs Business InsiderNike's outlook wakes up its stock. But execs still see a long road to full recovery. MarketWatch
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Wednesday's selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve's latest policy announcement.
The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland's National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one one-hundredth of a percentage point.)
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"Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won't be over until closer to the end of the year."
The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking. The 10-year Treasury yield surged 19.2 basis points to 3.704% - its highest level since early 2011 - while the 2-year Treasury yield spiked 12.1 basis points to 4.116%, its loftiest perch since late 2007.
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As for stocks, the tech-heavy Nasdaq Composite
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