Tech Stocks Lift Wall Street Despite Weak Month-End Performance

Technology stocks helped lift Wall Street as investors wrapped up a month of losses for the S&P 500 and the Nasdaq, while the three major U.S. stock indexes still posted their strongest quarterly percentage gains in years, Reuters reported.

Technology stocks lifted Wall Street as investors closed out a volatile month while weighing AI spending, interest rates, and trade policy.

Although stocks have enjoyed a strong first half of the year, analysts caution that markets face several challenges, including the sustainability of artificial intelligence (AI) spending, elevated earnings expectations, and shifting interest rate expectations under Federal Reserve Chair Kevin Warsh.

In a separate development, President Donald Trump is expected to announce that the United States will not extend the U.S.-Mexico-Canada Agreement (USMCA), beginning a decade-long process that could eventually end the 32-year-old North American free trade framework as the three countries continue negotiating proposed changes.