From Yahoo Finance: 2025-06-08 08:14:00

Investors are gearing up for a dramatic summer, facing tough decisions on investing and selling. Stocks had a good week, with the S&P 500 rising 1.5% and closing above 6,000. Winners included ON Semiconductor, Quantum Computing, Robinhood Markets, and Best Buy. Tesla was a clear non-winner, down over 14.8% after Elon Musk’s departure from the White House. Bond yields rose, with the 10-year Treasury finishing at a 4.512% yield.

Looking ahead, earnings reports are important, but external events may overshadow market moves. The U.S. and China are set to meet in London for tariff negotiations, with a looming August deadline for a deal. Potential trade deals need to be finalized by July 9. Markets may grow nervous over these issues, especially as second-quarter earnings reports begin to roll out. Apple’s Worldwide Developer Conference and reports from Delta Air Lines, PepsiCo, and JPMorgan Chase are also expected.

Foreign travel to the U.S. is expected to decline in 2025, with a revised projection showing an 8.7% drop in visitors. Marriott has adjusted guidance due to softer business in the U.S. and Canada. Despite a volatile year, stocks have seen gains; the S&P 500 is up 2%, with most sectors showing positive movement. Industrials lead, while Consumer Discretionary lags. Technology stocks like Microsoft, Apple, Nvidia, and Broadcom have seen modest gains.

In the retail sector, Oracle’s shares are up 7.3% year-to-date. Adobe’s earnings estimate is up 11% from last year, while Smucker faces challenges post-acquisition. GameStop’s revenue is expected to decline, while Casey’s General Stores, Core & Main, and Chewy are set to report earnings. Veteran fund managers are updating their S&P 500 forecasts amidst the market’s summer drama.

Read more: Investors gearing up for summer drama