05:16 PM EDT, 06/30/2025 (MT Newswires) -- The S&P 500 and the Nasdaq Composite hit fresh highs on Monday after the US and Canada resumed trade talks, while Wall Street posted monthly gains for June.

The S&P 500 and the tech-heavy Nasdaq Composite rose 0.5% each to 6,205 and 20,369.7 respectively, with the latter advancing for the sixth straight day. On Friday, the two indices notched record-high closing levels.

The Dow Jones Industrial Average ended 0.6% higher at 44,094.8 on Monday.

Most sectors were in the green, led by technology, while consumer discretionary and energy were the only decliners.

For the month of June, the Nasdaq climbed 6.5%, marking its third consecutive monthly rise. The S&P 500 rose 5%, while the Dow advanced 4.3%, both posting back-to-back monthly gains.

Canada withdrew its digital services tax on technology firms Sunday after President Donald Trump said Friday that the US was terminating all trade discussions with Ottawa over its digital services tax.

Canada said that talks with Washington have now resumed, CNBC reported. The two sides aim to finalize a deal by July 21, Canada's Department of Finance reportedly said Sunday.

"After months of concerns over geopolitical tensions, tariff risks, and economic headwinds, the tone has clearly shifted," said Charu Chanana, chief investment strategist at Saxo Bank. "Relief on multiple fronts --both macro and micro -- has helped reset sentiment and drive risk appetite."

US Treasury yields were lower, with the 10-year rate decreasing 5.3 basis points to 4.23% and the two-year rate losing 1.9 basis points to 3.73%.

The June employment report is due later in the week.

Government data are expected to show Thursday that the US economy added 110,000 nonfarm jobs this month, compared with a 139,000 gain reported for May, according to a Bloomberg poll.

UBS Securities expects a 100,000 print for June. Employment gains in the US are likely to slow down this month sequentially, though not enough to put pressure on the Federal Reserve to ease monetary policy at its next meeting, the brokerage said in a note e-mailed Monday.

Atlanta Fed President Raphael Bostic said Monday that he still sees a single interest rate cut this year, Reuters reported. Bostic reportedly projects three rate cuts for 2026. "I think we actually have some luxury to be patient because labor markets are actually quite solid," he reportedly said.

West Texas Intermediate crude oil was down 0.7% at $65.06 a barrel. Oil prices "struggled" amid concerns regarding plans for increased production from the Organization of the Petroleum Exporting Countries and its allies, D.A. Davidson said in a client note.

In company news, Hewlett Packard Enterprise ( HPE ) shares jumped 11%, the top gainer on the S&P 500, while Juniper Networks ( JNPR ) was among the best, up 8.5%. The companies said Saturday they reached a deal with the US Department of Justice to resolve an antitrust lawsuit against Hewlett Packard's ( HPE ) proposed takeover of Juniper.

Oracle's (ORCL) shares rose 4% after the company disclosed that it clinched a cloud services agreement that is expected to boost annual revenue by more than $30 billion starting in fiscal 2028.

Boeing ( BA ) saw the steepest decline on the Dow, down 2.3%. The US plane maker's proposed acquisition of Spirit AeroSystems ( SPR ) will be under a phase 1 investigation by the UK Competition and Markets Authority, the competition regulator said Monday. The CMA has set an Aug. 28 deadline for a decision. Spirit AeroSystems ( SPR ) shares fell 1.2%.

Gold was up 1% at $3,319.8 per troy ounce, while silver fell 0.1% to $35.34 per ounce.