June 12, 2025 – NEW YORK — U.S. markets took a step back Thursday morning, easing off the highs of a recent rally that had pushed stocks close to record levels.

The S&P 500 slipped 0.3%, while the Nasdaq composite edged down the same. The Dow Jones Industrial Average fell more sharply, dropping 246 points, or 0.6%, weighed heavily by a steep loss in Boeing shares.

Boeing Tumbles After Dreamliner Crash

Boeing shares sank 5.5% following news of a tragic crash involving one of its aircraft. A Boeing 787 Dreamliner operated by Air India crashed into a residential area just five minutes after takeoff from Ahmedabad airport on a flight bound for London. The plane was carrying 242 passengers and crew. The cause of the crash is still under investigation, but the incident put immediate pressure on Boeing’s stock, dragging down the broader Dow index.

Oracle Pops on Strong Earnings

On a brighter note, Oracle surged 9.6% after reporting better-than-expected results for the latest quarter. The tech giant posted strong revenue and profit numbers, offering a rare highlight in an otherwise muted day for markets.

Inflation Cools, Rate Cut Hopes Rise

In economic news, wholesale inflation data came in cooler than expected, echoing Wednesday’s report showing similar relief for consumer prices. Wall Street took this as a sign the Federal Reserve may have more room to cut interest rates later this year without triggering a fresh wave of inflation.

Adding to that sentiment, a report showed that jobless claims ticked up slightly last week, with the total number of people receiving unemployment benefits sitting at an eight-month high. That too helped ease pressure on bond yields, as signs of a softening labor market could nudge the Fed toward easing monetary policy.

The yield on the 10-year Treasury note fell to 4.36%, down from 4.41% the day before, and well off its recent high near 4.80% earlier this year.

A Mixed Bag Overseas

Global markets were mixed. European and Asian indexes mostly saw modest changes, with one notable exception: Hong Kong’s Hang Seng fell 1.4%, giving back some of its recent rally. Still, it remains up nearly 20% year-to-date, making it one of the world’s best-performing markets in 2025 so far.

Source: AP News – Wall Street drifts lower as Boeing sags and Oracle rallies

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NEW YORK – After a strong run-up, U.S. stocks took a breather Tuesday as Wall Street’s momentum slowed and the S&P 500 flirted with its first daily loss in a week.

The S&P 500 slipped 0.4% in morning trading but remained within 3.3% of its all-time high. Meanwhile, the Dow Jones Industrial Average dipped 104 points (0.2%), and the Nasdaq fell 0.5% as of 10:30 a.m. ET.

Debt Fears Shake Credit Confidence

Investor caution followed Moody’s Ratings downgrade of the U.S. government’s credit outlook. While the U.S. dollar held steady against other major currencies, the warning over America’s growing debt added a layer of uncertainty to the market’s outlook.

Travel Stocks Slide on Consumer Spending Concerns

Travel-related companies led the market’s laggards as worries persisted over whether American consumers can keep up their spending on leisure.

• Airbnb dropped 2.7%
• Norwegian Cruise Line fell 2.8%
• Carnival Corporation declined 2.3%

Winners on Wall Street

In contrast, D-Wave Quantum surged nearly 28% after unveiling its latest quantum computing system, claiming capabilities beyond traditional computers.

Home Depot gained 0.6% after beating revenue expectations, even though profits came in just below forecasts. Importantly, the company reaffirmed its full-year guidance for profit and sales growth — a reassuring sign as other companies dial back expectations.

Tariffs, Trade Tensions, and Economic Uncertainty

Unlike Home Depot, several U.S. companies are expressing concern over economic unpredictability and rising tariffs, many of which stem from trade policies under former President Donald Trump.

While some tariffs have been delayed or softened, uncertainty remains over whether more trade deals will bring lasting relief. If tariffs persist, consumer demand and corporate forecasts may continue to feel the pressure.

Retailers like Target and Lowe’s are set to report earnings on Wednesday, offering more insight into the state of consumer confidence.

Bond Market Movements

The 10-year Treasury yield rose slightly to 4.49%, up from 4.46% the previous day, while the 2-year yield held steady at 3.97%. Investors remain cautious over what actions the Federal Reserve might take next, especially if the economy stumbles into a recession.

Limited Room for Stimulus?

Analysts warn that if a recession hits, the U.S. government may have less room to inject fiscal support than in previous downturns due to soaring national debt. That could leave the Federal Reserve to shoulder more responsibility for stimulating the economy by lowering interest rates.

“The next recession could be deeper and longer,” said James Egelhof, chief U.S. economist at BNP Paribas, “especially if fiscal support is limited.”

Rate Cuts Gain Global Momentum

While the Fed holds its ground, central banks elsewhere are already making moves:

• China’s central bank cut its key lending rate for the first time in seven months to spur growth amid trade tensions.
• The Reserve Bank of Australia also reduced its rate to 3.85%, marking its second cut this year as inflation cools.

Markets Respond Globally

Following these moves, Asian markets rallied:

• Hong Kong’s Hang Seng Index surged 1.5%
• China’s CATL — the world’s largest EV battery maker — soared 16.4% in its Hong Kong debut after a record-setting $4.6 billion IPO

CATL’s mainland-listed shares also climbed 1.2%, rebounding after an early dip.

Source: AP News – US stocks drift as S&P 500 flirts with its first drop in 7 days

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Wall Street took a hit on Wednesday as losses from major tech giants like Nvidia and Tesla pushed the market lower. The downturn ended a brief period of stability, with the S&P 500 dropping 1.1%, the Dow Jones Industrial Average falling 132 points (0.3%), and the Nasdaq Composite leading the losses with a 2% decline.

The market downturn was driven by the so-called “Magnificent Seven,” a group of dominant tech stocks that have been central to Wall Street’s recent fluctuations. These companies, which soared in previous years due to AI-driven enthusiasm, are now seeing sharp corrections:

• Nvidia plunged 6%, bringing its total loss for the year to 15.5%.
• Super Micro Computer, a key AI server builder, dropped 8.9%.
• Tesla fell 5.6%, compounding its 32.6% decline in 2025, as concerns over CEO Elon Musk’s political controversies weighed on investor sentiment.

U.S. automakers experienced wild swings after the White House announced that President Donald Trump would impose tariffs on auto imports:

• General Motors dropped 3.1%.
• Ford Motor fluctuated throughout the day but ended with a modest 0.1% gain.
• Auto companies had already adjusted their manufacturing across North America following prior trade agreements, but the new tariffs could further complicate production strategies.

While the market had been stabilizing after entering a “correction” earlier this month, analysts warn that volatility is far from over. A new round of U.S. tariffs set to take effect next week has added to investor anxiety. Barclays strategists, led by Venu Krishna, responded by cutting their forecast for the S&P 500’s year-end target from 6,600 to 5,900, reflecting a more modest 2% gain from current levels.

The firm also slashed its earnings outlook for S&P 500 companies, though they do not predict a full-scale recession. The impact of tariffs remains uncertain, with potential outcomes ranging from a market surge (if tariffs are reduced) to a significant downturn if they are strictly enforced.

Despite shaky confidence, recent economic reports paint a mixed picture:

• Durable goods orders, which track purchases of items like machinery and airplanes, unexpectedly increased last month, defying predictions of a contraction.
• However, business investment data showed a downturn, hinting that companies may be holding back on spending due to tariff concerns.
• Treasury yields fluctuated in response, with the 10-year Treasury yield rising slightly to 4.34% from 4.31%.

While major indices fell, a few stocks stood out with gains:

• GameStop surged 11.7% after posting better-than-expected quarterly results and announcing plans to invest part of its treasury in bitcoin.
• Dollar Tree rose 3.1% after selling Family Dollar for $1 billion and reporting strong quarterly profits.
• Cintas, a provider of work uniforms and business supplies, climbed 5.8% following strong earnings.

At the closing bell:

• The S&P 500 fell 64.45 points to 5,712.20.
• The Dow Jones Industrial Average dropped 132.71 points to 42,454.79.
• The Nasdaq Composite tumbled 372.84 points to 17,889.01.

Internationally, stock markets showed mixed results:

• European markets were mostly stable, with the FTSE 100 in London rising 0.3% after an inflation report came in better than expected.
• Asian markets had a mixed performance amid concerns over global trade policies.

With uncertainty looming over trade policies and corporate earnings, investors remain on edge as they await further clarity on economic trends and potential tariff revisions.

Source: AP News – Stock market today: Wall Street slumps as Nvidia, Tesla and other Big Tech stocks drop

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Wall Street is set to open lower Monday morning after President Donald Trump reaffirmed his commitment to increasing tariffs, despite growing concerns about their economic impact.

Markets React to Tariff Uncertainty

• S&P 500 Futures: Down 0.1%
• Dow Jones Futures: Down 0.3%
• Nasdaq Futures: Unchanged

Trump, speaking to reporters aboard Air Force One, made it clear that he has no plans to reverse the tariff hikes scheduled for April 2.

“April 2 is a liberating day for our country,” Trump said. “We’re getting back some of the wealth that very, very foolish presidents gave away because they had no clue what they were doing.”

The new tariffs will target autos, steel, and aluminum, adding pressure to industries already grappling with economic uncertainty.

Retail Sales Report and Consumer Confidence

Later today, the government will release its retail sales report, offering insight into consumer spending habits.

• January retail sales saw the biggest monthly decline in a year, shocking analysts and signaling potential trouble ahead.
• Fast-fashion giant Forever 21 filed for bankruptcy over the weekend, marking its second financial collapse.
• Consumers and businesses continue to report declining confidence amid ongoing tariff uncertainties and policy shifts.

Federal Reserve Faces a Tough Decision

The Federal Reserve is set to meet this week to discuss interest rates, but ongoing economic turbulence has made its job more difficult.

• Inflation showed improvement last month but remains high, with tariffs potentially pushing it even higher.
• Government spending cuts and job losses have eroded consumer and business confidence.
• The Fed is expected to keep interest rates unchanged, but future decisions could become more complicated if unemployment rises.

Global Markets Respond

Despite U.S. market struggles, European and Asian markets showed mixed reactions to the economic outlook.

Europe:

• Germany’s DAX: Up 0.3%
• France’s CAC 40: Up 0.3%
• UK’s FTSE 100: Up 0.1%

Asia:

• China’s Industrial Output: Grew nearly 6% in the first two months of the year.
• Retail Sales in China: Increased 4%, but the property market continues to decline.
• Hong Kong’s Hang Seng: Up 0.8% to 21,144.86
• Shanghai Composite: Up 0.2% to 3,426.13
• Tokyo’s Nikkei 225: Up 0.9% to 37,396.52
• Seoul’s Kospi: Up 1.7% to 2,610.69
• Australia’s S&P/ASX 200: Up 0.8% to 7,854.10
• Taiwan’s Taiex: Up 0.7%
• Bangkok’s SET: Up slightly less than 0.1%

Looking Ahead

As April 2 approaches, all eyes will be on how the market reacts to the next round of tariffs and whether the Federal Reserve adjusts its strategy in response to economic shifts. Investors will also closely monitor consumer sentiment and corporate earnings reports in the coming weeks.

Source: AP News – Stock market today: US futures slip after Trump vows to push ahead with tariff hikes

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Market Reaction to Trump’s Comments

U.S. stocks tumbled sharply on Monday after President Donald Trump stated that the country would undergo “a period of transition” and did not dismiss the possibility of a recession. His remarks aired on Fox News’ Sunday Morning Futures With Maria Bartiromo, where he responded to a question about a potential recession, saying, “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”

Major Indexes Decline

Following his comments, all three major stock indexes opened lower and continued to decline in morning trading:

• The Dow Jones Industrial Average dropped 450 points, or 1.06%.
• The S&P 500 fell 2%.
• The Nasdaq Composite tumbled 3.2%, entering correction territory.

Tech Stocks Lead the Selloff
Technology stocks bore the brunt of the decline:

• Tesla (TSLA) plunged over 8%.
• Palantir (PLTR) dropped more than 7%.
• Nvidia (NVDA) slid 4%.

By Monday morning, Tesla had erased all gains made since Trump’s reelection in November.

Market Uncertainty Fueled by Tariff Policy

Stock markets have already been struggling this month, with Trump’s shifting tariff policies adding to the volatility. The S&P 500 posted its worst week since September, falling 3.1% last week.

Trump’s latest trade policies include:

• A doubled tariff on all Chinese imports, increasing from 10% to 20%.
• A 25% tariff on all steel and aluminum imports set to take effect on March 12.
• Threats of a 250% tariff on Canadian dairy products and a “tremendously high” tariff on lumber.
• A temporary reprieve on Canadian and Mexican imports, now delayed until April 2.

Trump also hinted on Sunday that tariffs “may still go up as time goes by.”

Investor Concerns Mount

Market experts warn that uncertainty surrounding tariffs is causing major disruptions. David Bahnsen, Chief Investment Officer at The Bahnsen Group, noted:

“The talk of tariffs is, in a lot of ways, worse than the implementation of them. The speculation, reversals, and chaos only foster uncertainty.”

He predicted that tariff-related instability could persist for at least one or two quarters, potentially damaging economic activity before trade deals are ultimately renegotiated.

Signs of Economic Weakness

Concerns about a potential recession are deepening, with several economic indicators flashing warning signs:

• Layoffs are increasing.
• Hiring is slowing.
• Consumer confidence is eroding.
• Inflation is picking up.

The yield on the 10-year U.S. Treasury dropped to 4.218%, as investors flocked to government bonds—a sign of growing economic uncertainty.

Key Economic Data to Watch
Investors will closely monitor upcoming monthly inflation data, expected on Wednesday and Thursday, to determine whether inflation remained stubborn in February.

What Defines a Recession?
A recession is commonly defined as two consecutive quarters of negative GDP growth. However, the National Bureau of Economic Research’s Business Cycle Dating Committee defines a recession more broadly as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”

Market Outlook

Sam Stovall, Chief Investment Strategist at CFRA Research, commented on investor sentiment:

“How long this period of investor caution persists depends on how quickly the global trade uncertainties—and the resulting threat of recession—dissipate.”

This is a developing story and will be updated as new information emerges.

Source

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Wall Street faced a mixed trading session on Thursday, with U.S. stock indexes drifting lower following a rough stretch of economic concerns.

Market Performance Overview

• S&P 500: Down 0.4%, giving up early modest gains.
• Dow Jones Industrial Average: Up 103 points (0.2%) as of 10 a.m. Eastern Time.
• Nasdaq Composite: Down 1.1%, weighed down by tech stocks.

The stock market has struggled in recent sessions due to weaker-than-expected economic data, which knocked the S&P 500 off its record high from last week.

Nvidia Swings to a Loss Despite Strong Earnings

Nvidia, one of Wall Street’s most influential stocks, had a volatile session. The AI chip giant initially rose at market open after reporting better-than-expected quarterly earnings, but quickly fell 1.2% into negative territory.

The drop comes amid concerns following Chinese AI company DeepSeek’s announcement that it developed a large language model that can compete with top AI systems without relying on Nvidia’s expensive chips. This raised questions about future AI-related spending, which had been a major driver of Nvidia’s stock surge.

Despite this, UBS analysts led by Timothy Arcuri noted that Nvidia’s earnings and forecasts were strong enough to keep investor sentiment positive. However, they weren’t impressive enough to push the stock higher.

Salesforce Falls on Weak Forecasts

Salesforce (CRM) tumbled 4.3%, despite reporting strong quarterly earnings that exceeded analyst expectations. The decline came after the company issued disappointing revenue forecasts, which fell short of Wall Street estimates.

Trump’s Tariff Announcement Weighs on Markets

Adding to the market’s unease, former President Donald Trump confirmed that new tariffs on Canadian and Mexican imports will go into effect on March 4th. He also announced an additional 10% tariff on Chinese products starting the same day.

The prospect of higher tariffs has raised fears of increased costs for U.S. consumers, especially as inflation remains stubbornly high. While some analysts believe Trump may use the tariffs as negotiation leverage, the mere discussion of trade barriers has already made U.S. consumers more cautious about spending—a key factor keeping the economy afloat.

Bond Market Reaction & Economic Data

Treasury yields fluctuated following Trump’s tariff announcement and the release of two key U.S. economic reports:

1. GDP Report: The government maintained its estimate of economic growth for the last quarter of 2024 but raised its inflation estimate, signaling persistent price pressures.
2. Unemployment Data: Jobless claims hit a three-month high, though still far below recession levels.

The 10-year Treasury yield edged up to 4.27%, after hitting 4.30% earlier in the morning.

Global Market Performance

• Germany’s DAX: Fell 1.3% amid economic uncertainty.
• Japan’s Nikkei 225: Rose 0.3%, bucking the trend.

Conclusion

The stock market remains volatile, with tech weakness, tariff concerns, and inflation worries keeping investors on edge. While Nvidia and Salesforce’s earnings reports highlighted ongoing growth, their stock movements suggest that investors are demanding more than just strong numbers—they want certainty about future performance.

As the market continues to digest economic data and geopolitical risks, investors should brace for further swings in sentiment and stock prices.

Source

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NEW YORK (AP) — U.S. stocks ended with mixed results on Wednesday as a recent inflation report raised expectations of an interest rate cut by the Federal Reserve next month.

The S&P 500 was nearly flat, inching up less than 0.1%, following its first decline since last week’s post-Election Day rally. Meanwhile, the Dow Jones Industrial Average gained 47 points, or 0.1%, and the Nasdaq composite slipped by 0.3%.

Bond Market Reaction and Rate-Cut Expectations

The bond market also showed mixed results. Consumer inflation increased from 2.4% to 2.6%, as economists expected. However, “core inflation” (which excludes volatile categories like food and energy) remained steady, an indicator of long-term trends that economists say is more predictive. This stability strengthened expectations for a December rate cut.

“Bang in-line core inflation leaves the Fed on track to cut rates in December,” said Lindsay Rosner, head of multi-sector fixed income at Goldman Sachs Asset Management.

Since September, the Federal Reserve has gradually reduced interest rates from a two-decade high to support the job market and bring inflation near its 2% target. After the last rate cut in October, traders now see an 80% chance of a third cut in December, according to CME Group data.

Following the inflation report, the yield on the two-year Treasury fell to 4.27% from 4.34% on Tuesday. The 10-year Treasury yield, influenced by long-term growth expectations, initially dropped but eventually rose slightly to 4.45%.

Uncertainty for 2025 and Potential Economic Changes

Looking forward, questions remain regarding the Fed’s plans for 2025. Previous Fed forecasts indicated potential further rate cuts into next year, but Donald Trump’s recent election victory may change that trajectory. Trump’s support for lower taxes, higher tariffs, and reduced regulation could lead to increased government debt, higher inflation, and accelerated economic growth, potentially altering rate cut plans.

“While lower rates can boost the economy and stock prices, they can also fuel inflation,” noted Scott Wren, senior global market strategist at Wells Fargo Investment Institute. “The market may be at an inflection point, with inflation potentially turning upward.”

Stock Highlights

On Wall Street, Rivian Automotive surged 13.7% after it shared more details about its joint venture with Volkswagen Group, which could reach a total size of $5.8 billion, exceeding prior estimates.

In contrast, Spirit Airlines stock fell 59.3% after the company filed for debt renegotiation, which, if successful, could affect shareholder equity but protect employees and customers.

By the end of trading, the S&P 500 rose 1.39 points to close at 5,985.38. The Dow gained 47.21 points, reaching 43,958.19, while the Nasdaq declined by 50.66 points to finish at 19,230.74.

Global Markets and Cryptocurrency Movements

Internationally, Japan’s Nikkei 225 dropped 1.7% following a surge in wholesale inflation to its highest level since July 2022. South Korea’s Kospi fell 2.6%, affected by a significant decline in Samsung Electronics shares.

In the cryptocurrency space, Bitcoin crossed above $93,000 before pulling back below $90,000. President Trump has embraced cryptocurrencies, pledging to make the U.S. the global crypto capital. Meanwhile, Dogecoin (favored by Tesla’s Elon Musk) also pared earlier gains after Trump appointed Musk to head the “Department of Government Efficiency,” or “DOGE” for short.

Source

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