Stocks found support from afternoon news reports that the U.S. and the EU are working toward a deal that would set a 15% tariff on most imports. Earlier, Bloomberg reported that the EU may hit U.S. goods with a 30% levy if no agreement is reached before an Aug. 1 deadline set by President Donald Trump.

Six months into President Donald Trump’s second term, a quick glance at the stock market offers a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.

Trump’s tariffs continue to affect markets and corporate earnings. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Short squeezes have been a key piece of the stock market rally as short sellers have lost just shy of $355 billion since the market bottom on April 8, according to data from S3 Partners.

Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.

Trump Jr. is a board member, shareholder and adviser for GrabAGun and rang the opening bell at the NYSE as the company went public.

Trump’s tariffs continue to affect markets and corporate earnings. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The tariff rate for goods imported into the U.S. from both the Philippines and Indonesia will be 19%, the president said.