Major U.S. stock indexes Monday ended the first half of 2025 at new highs, erasing steep losses incurred after President Donald Trump announced unexpectedly aggressive tariffs in April. But the U.S. dollar has fared worse, suffering its "worst start to a year in more than half a century," The New York Times said.

Global stocks hit an intraday record on Monday on hopes U.S. trade negotiations with key partners would continue to progress, while the dollar declined and was set for its worst first-half performance in more than five decades.

Wall Street stocks pushed into record territory yet again on Monday amid optimism the United States would reach trade deals with its partners ahead of a self-imposed deadline next week