The major averages close out the month and quarter at or near all time highs thanks to reduced tensions in the Middle East coupled with a strong economy. The Dow Jones Industrial Average rose 275 points or 0.6%. The S&P 500 rose 31 points or 0.5% while the Nasdaq rose 96 points or 0.48%.

Tensions with Canada also eased over the weekend as they rescinded their digital service tax against companies like Meta. Congress is also inching closer to sending President Trump his big, beautiful bill.

Tech continues to shine as AI demand remains strong. Oracle jumped 4% today on new sales bookings and an upgrade. The stock is up 31% for the year. AI chipmaker, Nvidia was modestly higher today, but is up 17% for the year and up over 50% from the April lows.

Bonds and interest rates were quiet today. The 10 year Treasury fell 4 basis points to 4.23%. The 30-year yield fell 5 basis points to 4.78%. The 2-year yield traded down a basis point to 3.72%.

The easing tensions has caused the price of oil to pull back to the $65 a barrel level. The price of oil is down 8% for the year. Gold was up nearly a percent today and up 25% for the year. Bitcoin was modestly higher today and up 15% year to date.

After a lousy April, the markets have performed well. For the month of June, the S&P 500 rose 5% while the tech-heavy Nasdaq has jumped more than 6%. The Dow added nearly 4% for the month.

The S&P 500 surged more than 10% for the quarter while the Nasdaq and Dow were up more than 17% and 5%, respectively.

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