In June, the S&P 500 index reached another new high, driven by strong corporate earnings, a decline in the yield on the 10-year U.S. Treasury Note, and continued moderation in inflation. This has led the Federal Reserve to maintain its forecast for a rate cut later this year.
The S&P 500 index rose by 3.4 percent in June, while the yield on the 10-year U.S. Treasury Note dropped to 4.36 percent from 4.51 percent at the end of May. Additionally, the price of a barrel of West Texas Intermediate Oil increased to approximately $81.54 from $80.12 the previous month, following OPEC+’s decision to extend production cuts until the end of 2025.