S&P 500 overtakes European benchmark in 2025 gains

LONDON, July 4 (Reuters) - The S&P 500 overtook Europe's STOXX 600 in terms of year-to-date gains on Friday, with fears about U.S. tariffs hitting European stocks, a day after the U.S. benchmark hit a record high. .N

The STOXX 600, after early Friday losses, is up 6.5% so far in 2025. The S&P 500 closed Thursday up 6.76%, a record high. .STOXX, .SPX

European markets sharply outperformed U.S. earlier this year, as worries about erratic U.S. policymaking combined with a once-in-a-generation fiscal shift in Germany caused some investors to shift from Wall Street across the Atlantic.

But, thanks largely to gains in big tech, the S&P 500 has bounced back.

U.S. markets will be closed on Friday for the July 4 holiday.