The U.S. stock market in New York started higher on the 30th (local time). This is the result of growing expectations that the tariff negotiations of the Donald Trump administration will proceed smoothly, as the U.S. has resumed trade talks with Canada.
According to U.S. economic media CNBC and others, as of 9:31 a.m. on this day, the Dow Jones Industrial Average opened at 44,045.59, up 226.32 points (0.52%) from the previous session (27th). The Standard & Poor's (S&P) 500 index rose by 20.40 points (0.33%) to 6,193.47, while the Nasdaq Composite Index started at 20,273.46, up 105.55 points (0.52%) from the previous session.
This is because expectations have grown that trade negotiations between the U.S. and Canada will conclude smoothly. Canada has repealed the digital services tax that it initially planned to impose on major U.S. information technology corporations such as Google, Meta, and Amazon, in order to facilitate trade negotiations with the U.S. This was after President Trump mentioned the digital services tax that Canada was planning to impose, stating on the 27th that "the U.S. will halt all trade discussions with Canada," prompting Canada to extend an olive branch.
CNBC noted that "investors are waiting for the announcement of trade agreements between the U.S. and its trading partners as the 90-day tariff suspension of the Trump administration is set to expire on July 9," and added, "On this last day of June, major indices showed rapid recovery, breaking all-time highs."