S&P 500 Index and Nasdaq Hit New All-Time Highs

BlockBeats News, June 27th: Driven by the latest developments in the trade dispute and the progress in the US congressional budget negotiations, the US stock market hit new highs again on Friday. Both the S&P 500 Index and the Nasdaq Composite Index reached new highs as investors increasingly ignored the economic threats posed by the trade war and Middle East instability. US Commerce Secretary and Treasury Secretary both stated that the US is close to reaching many trade agreements. Secretary Benson said that Washington hopes to complete trade negotiations with a dozen countries by early September. (FX168)