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Yahoo
27-06-2025
- Business
- Yahoo
Stock Market News for Jun 27, 2025
U.S. stocks closed higher on Thursday, with the S&P 500 inching closer to a new record high as the ceasefire between Iran and Israel continued to hold, and a batch of economic data gave reasons enough for the Federal Reserve to go for a rate cut. All three major indexes ended in positive territory. The Dow Jones Industrial Average (DJI) jumped 0.9%, or 404.41 points, to finish at 43,386.84 points. The S&P 500 rose 0.8%, or 48.86 points, to end at 6,141.02 points and is just a few points away from hitting an all-time high. Communication services, consumer discretionary, materials, and industrials stocks were the biggest gainers. The Consumer Discretionary Select Sector SPDR (XLY) gained 0.9%, while the Communication Services Select Sector SPDR (XLC) and Materials Select Sector SPDR (XLB) added 1.2% and 1.1%, respectively. The Industrials Select Sector SPDR (XLI) added 1%. The Energy Select Sector SPDR (XLE) jumped 1.4%. Nine of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq climbed 1%, or 194.36 points, to close at 20,167.91 points. The fear-gauge CBOE Volatility Index (VIX) was down 1.01% to 16.59. Advancers outnumbered decliners on the NYSE by a 4.76-to-1 ratio. On Nasdaq, a 2.3-to-1 ratio favored advancing issues. A total of 16.22 billion shares were traded on Thursday, lower than the last 20-session average of 18.10 billion. Stocks rallied on Thursday after a batch of economic data raised hopes that the Federal Reserve could finally resume rate cuts in the coming weeks. The 90-day pause on liberation-day tariffs ends on July 8. However, White House spokesperson Karoline Leavitt downplayed the trade deal deadlines as, she said, 'The deadline is not critical.' It was also unlikely that President Donald Trump would have implemented those hefty tariffs, which he paused after markets tumbled. Stocks have since made a solid rebound. On Thursday, the S&P 500 closed just a few points away from its all-time intraday high of 6,147.43 points hit in February. The S&P 500 has had a remarkable turnaround, and is up 27% from its intraday low this year, after nearly entering the bear market, triggered by tariff fears in April. The index is now up 4% for the year after overcoming several challenges, including tariffs, inflationary pressures and geopolitical tensions. The Nasdaq is also on track to hit a new record high. The Nasdaq rally has largely been driven by enthusiasm surrounding artificial intelligence (AI). On Thursday, NVIDIA Corporation (NVDA) shares rose another 0.5% after the AI darling's stock hit an all-time high on Wednesday to regain its position as the world's most valuable company. Other tech stocks like Apple, Inc. (AAPL) gained 0.3%, while Salesforce, Inc. (CRM) rose 1.1%. Apple has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. A batch of economic data released on Thursday raised hopes of a rate cut. The final estimate of the GDP showed that the economy shrank 0.5% in the first quarter of 2025, sharply down from the initial estimate of a 0.2% decline. Also, the jobs data released earlier this month hints at a shrinking labor market, which appeared to support the case for the central bank to start rate cuts in the coming weeks. Although Federal Reserve Chairman Jerome Powell said that the central bank is in no hurry to cut interest rates and is ready to wait and watch the inflationary effects of Trump's tariffs on the economy, several other Fed officials have said that a rate cut could come as early as July. Meanwhile, fears of another Wall Street bloodbath owing to the ongoing Middle East crisis have alleviated as the ceasefire between Iran and Israel continues to hold. The Labor Department reported that jobless claims totaled 236,000 for the week ending June 21, a decrease of 10,000 from the previous week. The four-week moving average was 245,000, a decrease of 750 from the previous week's revised average of 245,750. Continuing claims came in at 1,974,000, an increase of 37,000 from the previous week's revised level of 1,937,000. The 4-week moving average was 1,941,000, an increase of 16,750 from the previous week's revised average of 1,924,250. The Commerce Department said that durable goods orders soared 16.4% in May after declining 6.6% in April, to record its biggest gain in 11 years. In a separate report, the National Association of Realtors said that pending home sales jumped 1.8% to 72.6 in May, after tumbling by 6.1% to a revised 71.3 in April. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Salesforce Inc. (CRM) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
See - Sada Elbalad
27-06-2025
- Business
- See - Sada Elbalad
JPMorgan Stock Hits Record High.. Core Scientific Surge 33%
Taarek Refaat U.S. stock markets closed broadly higher on Thursday, buoyed by geopolitical calm following the sustained ceasefire between Israel and Iran, along with a wave of economic signals supporting the Federal Reserve's case for potential rate cuts later this year. The Nasdaq Composite rose 1%, registering its highest daily close so far this year, while the Nasdaq 100 climbed 0.9%, closing above 22,400 points for the first time in history. The Dow Jones Industrial Average gained 0.9%, or nearly 400 points, reaching its highest level in four months. The S&P 500 advanced 0.8%, approaching its all-time high from February 19. Meanwhile, the CBOE Volatility Index (VIX)—Wall Street's so-called "fear gauge"—fell for the fifth consecutive session, dropping another 1%, signaling a decline in market anxiety. Investor sentiment was lifted after San Francisco Fed President Mary Daly suggested that the limited economic impact of recent tariffs could reinforce the case for an interest rate cut this fall. Her remarks followed two days of testimony from Fed Chair Jerome Powell, who reiterated the central bank's patient stance and emphasized close monitoring of trade-related economic effects. U.S. banking giants led the rally, with JPMorgan Chase shares jumping 1.7%, hitting a record high. Goldman Sachs also posted a 2.6% gain, closing at a new all-time high. The surge followed the Federal Reserve's proposal to ease leverage ratio requirements, which would lower the capital banks are required to hold against relatively low-risk assets. Mining Stocks Rally on Copper Price Spike Mining stocks also saw a strong surge, supported by a rally in copper prices, which hit a three-month high on rising U.S. demand ahead of potential new tariffs. Shares of Southern Copper soared 8% to their highest level in over six months, while Freeport-McMoRan jumped 7%, marking its best level in nearly eight months. The robust performance of both financials and materials contributed to the broader strength in U.S. equities, reinforcing optimism about economic resilience amid ongoing global uncertainty. Core Scientific shares Core Scientific shares soared by 33% on Thursday, June 26, after a report by The Wall Street Journal revealed that CoreWeave, a leading AI infrastructure company, is in advanced discussions to acquire the Bitcoin mining and hosting firm. Trading in Core Scientific's stock was briefly halted following the report, before resuming with strong momentum. The surge marks the company's second-largest single-day gain since it returned to the Nasdaq in January 2024 after completing a major restructuring. A Rebound Story Fueled by AI The company's biggest daily gain occurred earlier in June, when shares jumped 40% amid news of a significant AI infrastructure expansion involving CoreWeave. The potential acquisition would represent a deepening of a strategic alliance between the two firms, which already includes multi-billion-dollar contractual commitments. Source: Reuters read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Business Insider
26-06-2025
- Business
- Business Insider
Think it's quiet? The S&P 500 just had its smallest daily move in 8 years.
The market has had a lot to worry about this week, but the S&P 500 just had its flattest day in eight years. Despite Israel and Iran's ceasefire, Fed Chair Jerome Powell testifying before the Senate Banking Committee, and NATO members meeting to discuss the war in Ukraine, the flagship stock index closed just 0.0003% lower on Wednesday. It was its smallest daily move in either direction since 2017, Deutsche Bank analysts said in a Thursday note. The index fell just 0.0002% on January 10 of that year. "There were several political developments, but none really had a market-moving impact, and the ceasefire between Israel and Iran continued to hold," wrote the analysts at Deutsche Bank of Wednesday's move. They flagged catalysts in the weeks ahead, including Trump's big tax bill, the 90-day delay to tariffs ending on July 9, and the release of June inflation data that is expected to show the impact of tariffs on prices. The benchmark 10-year Treasury was virtually unmoved Wednesday and early Thursday. The FTSE 100 opened broadly flat as investors wait for fresh catalysts. The CBOE Volatility Index, or VIX, closed at a four-month low of 16.76 points, and Brent crude was only up about 0.1%. The calm follows a volatile oil trade on Monday when prices hit a five-month high before settling 7% lower. They extended losses by another 6% on Tuesday after news of the ceasefire. On Tuesday, tech stocks powered to a record high. Nvidia stock also gained 4% Wednesday to reclaim its crown as the world's most valuable company. The dollar has slid since Trump said Wednesday he had "three or four" successors for Powell in mind, raising expectations of faster interest rate cuts. The US Dollar Index, which tracks the greenback against a basket of other currencies, was trading 0.55% down at 97.16 early Thursday, 10.5% lower than at the start of the year.
Time of India
25-06-2025
- Business
- Time of India
US Stock Market: Five must-follow points for beginners to make profits, avoid losses at S&P 500, Dow Jones, Nasdaq, Russell 2000
US Stock Market beginners must know risks and benefits of trading at S&P 500, Dow Jones, Nasdaq, and Russell 2000. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 30, 2025. (Reuters photo) Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads FAQs Tired of too many ads? Remove Ads US Stock market, New York Stock Exchange remain the lucrative destination for global investors. Americans and any young investor who want to invest in the Wall Street must understand the dynamics of S&P 500 Dow Jones Industrial Average, Nasdaq Russell 2000 , and Chicago Board Options Exchange's CBOE Volatility Index. While US stock markets have their own potential benefits and risks, your choice largely depends on your financial goals, risk appetite, and where you are on your investment journey. Stocks offer direct ownership and control. For beginners, understanding the nuances can help you lay a suitable foundation that helps with long-term investing.S&P 500, Dow Jones Industrial Average, Nasdaq are the top three indexes of US Stock Market. Pre-opening session of US Stock Market starts at 6.30 am (ET). The core trading timings are from 9:30 AM (ET) to 4:00 PM (ET).Nasdaq denotes Nasdaq Composite Index. The performance of Nasdaq stock exchange depends on tech companies.S&P 500 stands for Standard & Poor's that tracks top US based companies and 500 of Jones Industrial Average or Dow or DJIA tracks 30 large US based 2000 Index tracks 2,000 small stocks in the US Stock MarketVIX or Chicago Board Options Exchange's CBOE Volatility Index shows 30-day projections whether the market will go in bull mode or slip into bear mode. If VIX is over 30 then it means there is greater risk of you invest in stocks, you are basically buying shares of a company, giving you direct ownership. Stock investments can potentially offer higher returns, but they also come with higher risk levels. Thus, stock prices can be volatile and challenging for beginners to navigate, PTI-NewsVoir investing requires a good understanding of business fundamentals, market trends, and company-specific developments. For those new to investing, this can feel overwhelming, especially in the absence of professional portfolios need to be built manually to spread risk. Stocks may offer higher potential returns but also higher risk. However, stocks also provide the flexibility to enter and exit positions at will and can be suitable for investors who wish to take an active role in managing their those who wish to take their financial decisions independently, stock investing can be explored as a potential option. One important factor to consider before investing is your risk appetite. If you're open to higher risk and potentially higher returns, you can explore stock investing. Although, it is important to note that you need to spend time, effort and energy to understand the stock market, as per PTI-NewsVoir.A1. Key indexes of US Stock Market are S&P 500, Dow Jones Industrial Average, Nasdaq, and Russell 2000.A2. US Stock Market's volatility index is Chicago Board Options Exchange's CBOE Volatility Index.
Yahoo
24-06-2025
- Business
- Yahoo
Stock Market Turmoil Over Tariffs and Oil Prices: 60 Years of History Show What Happens Next
The S&P 500 crashed when President Trump announced his 'Liberation Day' tariffs in April, and many experts expect those duties to raise prices and slow economic growth. Further complicating the situation is the conflict in the Middle East, which threatens to raise gasoline prices and contribute to a tariff-induced resurgence in inflation. The S&P 500 has returned 10.5% annually since its inception more than 60 years ago, and investors can reasonably assume similar returns over long periods in the future. 10 stocks we like better than S&P 500 Index › It's been a tumultuous year for the United States stock market. The S&P 500 (SNPINDEX: ^GSPC) dropped 10.5% in the two days after President Trump unveiled his "Liberation Day" tariffs in early April, the fifth-largest two-day decline in history. That led to the third-largest weekly spike in the CBOE Volatility Index, commonly called Wall Street's "fear gauge." Surprisingly, the S&P 500 rebounded shortly thereafter as encouraging inflation, jobs, and consumer spending data showed the resilience of the U.S. economy. Additionally, Trump paused the most severe tariffs for 90 days to allow time for trade negotiations, which caused several economists to lower their recession probability forecasts. However, the stock market recently hit another spot of turbulence when Israel attacked Iran, and tensions escalated further when the U.S. entered the conflict. Iran is one of the largest oil producers in the world, so investors are worried the conflict will lead to higher oil prices, which in turn could bring about a resurgence in inflation. Iran is reportedly considering closing the Strait of Hormuz, a waterway that handles approximately 20% of global oil and natural gas flows. Experts are skeptical the Iranian government will follow through, but JPMorgan Chase says a blockage could drive oil prices to $120 per barrel and push U.S. inflation to 5%. For context, crude oil costs about $75 per barrel as of June 23, and inflation measured 2.4% in May. Admittedly, the near-term outlook for the stock market is clouded by uncertainty, but six decades of history show what eventually happens next. The tariffs imposed by President Trump have raised the average tax rate on U.S. imports to 12.4%, according to the nonprofit Tax Foundation. That is the highest level since 1941. But the abrupt hike is yet to be reflected in economic data because many companies stockpiled inventory ahead of the tariffs, leading to a record trade deficit in the first quarter. However, surveys suggest most companies will pass cost increases down the supply chain, so consumers will likely bear the largest burden. That means inflation will probably reaccelerate in the coming months. As a result, many experts have downwardly revised their economic growth forecasts. The pre-tariff consensus said U.S. GDP would increase 2.1% in 2025, but the post-tariff consensus says 1.4%, according to the Federal Reserve. Additionally, falling gasoline prices have been instrumental in suppressing inflation this year, but that trend could reverse as the conflict in the Middle East unfolds. Geopolitical tensions add another layer of uncertainty to an already precarious market environment. Any sign of a sustained increase in inflation or unemployment would almost certainly cause the stock market to sink, perhaps substantially. The Standard Statistics Company introduced the Composite Stock Index in 1926. Initially, it tracked 90 stocks, but more securities were added in subsequent years until the number of member companies reached 500 in March 1957. The index was then renamed the S&P 500. That means the S&P 500 has existed in its current format for more than six decades. To be clear, stocks have been added and deleted during quarterly rebalancing events, so the member companies have changed over the years. But the selection methodology and overall structure have been consistent since 1957. Here are the two most important things investors can learn from those six-plus decades of historical data: The S&P 500 has always increased in value over every rolling 20-year period, meaning anyone who held an S&P 500 index fund for at least 20 years made money, regardless of when they made the initial purchase. Inclusive of dividends, the S&P 500 has returned more than 13,000% since its inception, which is equates to 10.5% annually. It achieved those returns despite 10 recessions, 11 bear markets, and 25 corrections. Importantly, the last six-plus decades encompassed a wide range of economic and market conditions, so investors can be reasonably sure the S&P 500 will produce similar returns in the future. That does not mean the index will increase 10.5% every year, but rather that the annualized return will be approximately 10.5% over long time periods. That means patient investors can buy and hold quality stocks with confidence, even in the current environment. Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and S&P 500 Index wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Trevor Jennewine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase. The Motley Fool has a disclosure policy. Stock Market Turmoil Over Tariffs and Oil Prices: 60 Years of History Show What Happens Next was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
