Tariff Cease-Fire: June Return and Dow Jones

tariff cease-fire: Meanwhile, the S&P 500 index SPX, 0.58% rose 11.14 points, or 0.4%, to finish at 2,924.92, and the Nasdaq Composite Index COMP, 0.48% finished 57.79 points, or 0.7%, higher at 7,967.76, according to Market Watch. The Dow is on pace for its best June return, up 6.9%, since 1938, while the S&P 500 is on track for its best June since 1955, up 8.2%, according to Dow Jones Market Data. How did benchmark fare The Dow Jones Industrial Average DJIA, 0.28% edged 10.24 points, or less than 0.1%, lower at to close at 26,526.58, marking a third straight decline, its longest slump since a five-session decline ended March 8, according to Fact Set data. What were the drivers A tariff cease-fire between Beijing and Washington would avert the next round of tariffs on additional 300 billion worth of Chinese imports. Terms include the removal of a ban on the sale of U.S. technology to Chinese telecommunications giant Huawei Technologies Co., the removal of punitive import duties, and an end to a request for China to buy additional U.S. exports. The Wall Street Journal reported that Xi will present President Donald Trump terms to resolve a market-rattling trade confrontation ahead of the expected the Group of 20 gathering of developed countries set to take place this weekend. (news.financializer.com). As reported in the news.