It's the most bullish day of the year, according to data compiled by one technical analyst. Still, all three major U.S. equity indexes opened lower to start the third quarter and the second half of 2025 after two of them closed the second quarter and the first half at record highs.
The fate of President Donald Trump's Big Beautiful Bill and fiscal policy tops tariffs and trade policy as the main narrative for the moment, with significant effects across multiple sectors.
