Market Recap – Thursday, June 12, 2025
Stock Prices Mostly Higher as Investors Eye Trade and Inflation News
Most major US stock indexes went up today. The Dow was up by 0.24%, the S&P 500 rose 0.38%, and the Nasdaq climbed 0.24%. The Russell 2000, which tracks smaller companies, went down by 0.38%.
Big winners today included Oracle (ORCL), healthcare companies, and utilities. Microsoft (MSFT) and Nvidia (NVDA) did well in tech, but Tesla (TSLA) pulled back after big gains earlier this week. On the downside, Boeing (BA) and GE (GE) fell after a tragic plane crash involving a Boeing 787-8 Dreamliner. Oil-related stocks and smaller companies also struggled.
The dollar lost some ground, dropping 0.7%, while gold went up by 1.7%. Oil prices also rose by 4.9%, partly due to worries about the situation in the Middle East.
Trade and Inflation News
Trade talks between the US and China are ongoing, with some signs of progress. The US and China may ease certain export restrictions, especially on rare-earth materials. On the inflation front, prices rose less than expected in May, which boosted investor confidence. However, the job market remains a concern, with jobless claims slightly higher than expected.
Corporate News
Oracle (ORCL) boosted investor confidence with strong guidance for the next year, while GameStop (GME) faced a decline after announcing a new private stock offering. CureVac (CVAC) saw a big jump after receiving an acquisition offer worth $1.25 billion. MP Materials (MP) rose on news that the US might support domestic production of rare-earth materials. However, Oxford Industries (OXM) and Joby Aviation (JOBY) saw their stocks drop due to weak guidance and concerns about their valuation.
Here's Our Take
The market showed mixed signs today, with some key sectors performing well while others struggled. Trade talks between the US and China are encouraging, but we still need to see concrete results. The cooler-than-expected inflation data is a positive for stocks, but the job market’s slowdown is something to watch. Investors should keep an eye on the upcoming consumer sentiment report, as it could give a clearer picture of the economy’s health. The geopolitical situation in the Middle East and ongoing trade negotiations will also be critical in determining market direction. With these factors in play, it's important to stay nimble and watch for opportunities on pullbacks, especially in tech and energy sectors.
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