Date: July 1, 2025
As the second half of 2025 began, U.S. markets saw S&P 500 and Nasdaq close the first half at record highs, though the U.S. dollar slipped to multi‑year lows. Senate Republicans are pushing to pass a major fiscal package by July 4, while debate continues on tariff suspensions. A rift emerged between President Trump and Elon Musk over EV subsidies, weighing on Tesla shares. Meanwhile, U.S. bonds were stable, with Oracle hitting all‑time highs after announcing lucrative cloud deals, and Apple reportedly engaging OpenAI to energise Siri. Amazon continued scaling its automated logistics.