From Nasdaq: 2025-06-13 06:59:00

U.S. stock markets closed higher on Thursday amid U.S.-China trade talks, with positive sentiment fueled by weaker inflation and labor market data. Dow Jones rose 0.2%, Nasdaq Composite advanced due to tech performance, and S&P 500 gained 0.3%, nearing all-time high. Utilities and technology sectors rose, while communication services fell. VIX fear gauge increased.

Semiconductor giants NVIDIA Corp. and Broadcom Inc. rose 1.5% and 1.3% respectively, with Zacks Rank #3. S&P 500 recorded 12 new 52-week highs and 3 lows, while Nasdaq saw 54 highs and 63 lows. U.S. and China reached a trade agreement in London, with both countries pausing tariff implementations for 90 days.

Economic data showed initial claims flat at 248,000, above consensus. Continuing claims rose to 1.956 million, highest since Nov 2021. Producer price index (PPI) increased 0.1% in May, below consensus. Core PPI rose 0.2%, also below consensus. Year over year, PPI and core PPI increased in May.

Experts have identified 7 elite stocks as the “Most Likely for Early Price Pops”, beating the market 2X with an average gain of +23.5% per year since 1988. These handpicked stocks deserve immediate attention. NVIDIA Corporation (NVDA) and Broadcom Inc. (AVGO) currently carry a Zacks Rank #3.



Read more at Nasdaq: Stock Market News for Jun 13, 2025