From Nasdaq: 2025-06-25 12:08:00

Stock indexes show mixed performance with the S&P 500 and Nasdaq 100 hitting highs. Market sentiment rises on reduced Middle East risks. US MBA mortgage applications up, 30-year fixed rate at 6.88%. Fed’s “wait and see” approach deemed appropriate. Markets watch Powell’s testimony, new tariffs, trade deals, and economic data.

Overseas markets are mixed, with China’s Shanghai Composite at a 6-1/4 month high. US 10-year T-note yield at 4.318% after falling from a high. European bonds see higher yields. Eurozone May new car registrations up 1.6% y/y. Swaps predict 9% chance of ECB rate cut.

Tech giants like Nvidia and Apple drive market gains. Super Micro and Symbotic surge on positive recommendations. Coinbase and Stellantis NV also see significant increases. Tesla drops after European delivery decline. Yum! Brands up, Paychex and FedEx down on earnings news.

General Mills reports lower net sales, while QXO Inc. announces a public stock offering. NuScale Power Corp and WEC Energy face downgrades. Earnings reports feature companies like General Mills, Micron Technology, and Paychex. Author has no positions in mentioned securities.



Read more at Nasdaq: Stocks See Support Ahead of Fed Chair Powell Testimony