📈 S&P 500 Market Cap Recovers to Record $54.6 Trillion by June 26, 2025
On June 26, 2025, the S&P 500 market capitalization rebounded to $54.6 trillion, matching its previous all-time high set on February 19, 2025. The earlier peak was followed by a sharp decline amid escalating trade tensions—beginning with U.S. export controls on advanced AI chips to China and Beijing’s countermeasures restricting critical mineral exports. These were followed by sweeping tariff increases: 25% on Canada and Mexico, 10% on China (Feb 1), an additional 34% on China for a cumulative 54%, and a universal 10% tariff on all other imports (Apr 2). In response to these developments, the S&P 500's market cap fell to a low of $44.3 trillion on April 8, 2025. The recovery was driven by easing tensions, including U.S.-China trade talks in Geneva (May 12) and London (June 10–12), as well as broader geopolitical de-escalation.