U.S. long-term bond funds drew massive inflows in May, reversing April's drawdown and indicating investors sought the safety of higher-yielding debt.
The recent U.S. strike on Iranian nuclear facilities has introduced heightened geopolitical uncertainty, with potential ripple effects across markets.
Treasury Secretary Scott Bessent said House and Senate Republicans can cut a deal on the state and local tax deduction within the next two days.
The S&P 500 is back within one percentage point of an all-time high. One of Wall Street's bulls believes the benchmark index has further to run.