Market Snapshot for Tuesday 6-24-2025
Dow Jones – 43,089.02 (+1.19%)
NASDAQ – 19,912.53 (+1.43%)
S&P 500 – 6,092.18 (+1.11%)
Market Performance
U.S. stocks surged on Tuesday, with the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) ending the day at their highest levels since February, bringing both indexes closer to record territory.
The Nasdaq 100 (NQ=F), home to major tech giants like Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL), closed at a new all-time high, highlighting the continued strength in megacap technology stocks.
There is now a ceasefire between Israel and Iran with Israel’s prime minister Benjamin Netanyahu commenting that the ceasefire is in effect.
In international markets, Asia and Europe finished broadly higher.
Economic Takeaways –
- BMO Capital Markets chief investment strategist Brian Belski boosted his year-end target on the S&P 500 to 6,700 from a prior forecast of 6,100.
- Federal Reserve Chair Jerome Powell, in his testimony to Congress, indicated that the central bank could lower interest rates “sooner rather than later,” while also emphasizing the need to remain flexible and monitor how new tariffs might affect inflation.
- Bank of America (BAC) analysts wrote in a note to clients Tuesday morning that tech inflows last week reached their highest level since June 2024.
- Thelatest index reading from the Conference Board was 93 in June, below the 98.4 seen in May and the 99.8 economists had expected. “Tariffs remained on top of consumers’ minds and were frequently associated with concerns about their negative impacts on the economy and prices,” Stephanie Guichard, senior economist of global indicators at The Conference Board, said in the release. “Inflation and high prices were another important concern cited by consumers in June.”
- The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index fell 0.3% month-over-month in April, missing expectations for a 0.1% increase. On an annual basis, the index’s growth slowed to 3.4%, down from 4.1% the previous month.
Gold –
- Gold hit over a 2-week low earlier in the session.
- Spot gold fell 1.4% to $3,319.96 an ounce, as of 0146 p.m. EDT (1746 GMT), after earlier dropping over 2% to its lowest level since June 9.
Oil –
- Oil prices continued to go lower. Oil futures extended declines to drop 6% on Tuesday.
- Global oil prices have fallen below the mark when Israel initially launched airstrikes against Iran on June 12.
Bitcoin –
- Bitcoin is hovering under $106,000.
- Two Republican senators are preparing to unveil a comprehensive bill aimed at establishing a regulatory framework for digital assets.
FedEx Shares Slip as Q1 Outlook Disappoints Investors
FedEx (FDX) shares dropped about 5% in after-hours trading on Monday after the company issued lower-than-expected earnings forecast for the current quarter, as investors remained cautious amid soft demand and tariff-related headwinds.
For its fiscal first quarter, FedEx projected adjusted earnings of $3.40 to $4.00 per share, missing the $4.03 consensus estimate from analysts, according to Bloomberg.
The company said the forecast reflects its current economic view and assumes no further deterioration in global trade or geopolitical conditions. Due to an “uncertain global demand environment,” FedEx also announced it would not issue full-year guidance.
Still, the company beat expectations for its fiscal fourth quarter, reporting adjusted earnings of $6.07 per share, topping the $5.81 analyst estimate.
Crypto Stocks Rally on News of Potential Regulatory Framework
Cryptocurrency-related stocks soared Tuesday following a CNBC report that two Republican senators are preparing to unveil a comprehensive bill aimed at establishing a regulatory framework for digital assets.
MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 3.5%, while crypto trading platforms Coinbase (COIN) and Robinhood (HOOD) jumped 11.9% and 6.9%, respectively. Bitcoin miners also saw strong gains, with Riot Platforms (RIOT) up 6.7% and MARA Holdings (MARA) climbing 4.6%.
Cryptocurrencies themselves rallied as well. Bitcoin (BTC-USD) advanced nearly 3% to around $105,900. Ethereum (ETH-USD) surged 6.6%, XRP (XRP-USD) added 7.4%, and Solana (SOL-USD) gained 4.1%.
Top Gainers
Several stocks experienced significant gains. Some of the top gainers included:
- Nektar Therapeutics (NKTR) moved higher 156.29%
- Amarin Corp. plc (AMRN) soared by 27.26%
- Korea Electric Power Corp. (KEP) exploded 21.48%
- Ambarella, Inc. (AMBA) surged 20.61%
- NuScale Power Corp. (SMR) rose 18.47%
- Avis Budget Group, Inc. (CAR) moved up 16.91%
- Pony AI, Inc. (PONY) rose 16.73%
- Newegg Commerce, Inc. (NEGG) spiked 15.64%
- Hertz Global Holdings (HTZ) moved up 14.33%
- Hesai Group (HSAI) surged 14.05%
Top Losers
The top US stock losers today, based on percentage change included:
- Brighthouse Financial, Inc. (BHF) moved lower 8.56%
- Advance Auto Parts, Inc. (AAP) moved down 7.07%
- Kratos Defense & Security (KTOS) sank 6.56%
- Duolingo, Inc. (DUOL) fell 5.74%
- Frontline plc (FRO) was down 5.65%
- LPL Financial Holdings (LPLA) moved lower 5.41%
- SSR Mining, Inc. (SSRM) sank 5.14%
- Equinor ASA (EQNR) dragged 5.06%
- IAMGOLD Corp. (IAG) moved down 4.98%
- Brighthouse Financial, Inc. (BHFAP) slumped 4.80%
Notables
- Top of Form
- Bottom of FormNvidia (NVDA) shares jumped over 2%, putting the stock on track to end the trading session at its highest level since its record close in January. The stock has risen more than 12% in the past month alone. Jensen Huang has begun selling Nvidia (NVDA) shares as part of a plan that could allow the CEO to unload up to $835 million worth of stock by year’s end.
- Chip stocks surged broadly on Tuesday. Intel (INTC) jumped 6.5%, AMD (AMD) gained 6.2%, and Broadcom (AVGO) rose 3.2%. U.S.-listed shares of TSMC (TSM), Nvidia’s Taiwan-based contract manufacturer, rallied 4.3%.
- Uber (UBER) shares surged 8% midday Tuesday after the company began offering robotaxi rides in Atlanta through a new partnership with Alphabet’s (GOOGL, GOOG) Waymo.
- Tesla (TSLA) slipped 1.6% after regulatory scrutiny intensified following incidents involving its robotaxis.
- Circle (CRCL) shares dropped as much as 7% on Tuesday, pulling back from a recent sharp rally. “In the near term, we expect CRCL to continue trading off bullish momentum around stablecoin adoption,” wrote Compass Point analyst Ed Engel in a note Tuesday.
- According to Bloomberg, Apple is holding internal sessions about potentially making a bid for Perplexity AI.
- Hims & Hers Health (HIMS) shares inched up following a steep 35% drop the day before.
- Financial technology company Fiserv (FI) plans to launch a stablecoin and digital assets platform by year-end, Barron’s noted. Meanwhile, Mastercard (MA) announced a deeper partnership with Fiserv.
- Amgen (AMGN) steadied after dropping more than 5% Monday, following disappointing results from its weight-loss trial, which showed a high number of patient dropouts due to gastrointestinal issues, Barron’s reported.
- Dow Inc. (DOW) rebounded after falling 3% Monday, triggered by BMO Capital’s downgrade from Market Perform to Underperform. The downgrade cited rising concerns over a potential dividend cut, according to Barron’s.
What to Watch Ahead
June 25: May new home sales and expected earnings from Micron (MU).
June 26: May durable orders, Q1 GDP third estimate, and expected earnings from Nike (NKE), Walgreens Boots Alliance (WBA), and McCormick (MKC).
June 27: May PCE prices, May core PCE prices, and final June University of Michigan Consumer Sentiment.
June 30: No major earnings or data expected.
July 1: May construction spending, May ISM Manufacturing PMI®, and expected earnings from Constellation Brands (STZ).
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