Markets Cool on No New Trade Deal News
From Nasdaq: 2025-06-11 18:37:00
Markets saw a slight cooling off today despite a positive start fueled by better-than-expected CPI numbers and a tweet from President Trump about a trade deal with China. The Dow closed flat, while the S&P 500 and Nasdaq ended down. Oracle reported strong Q4 results, with earnings beating expectations and revenue up 11%.
Tomorrow brings Weekly Jobless Claims and the Producer Price Index report for May. Expectations are for a swing to positive in monthly PPI levels. Analysts are highlighting a lesser-known satellite-based communications firm as a top stock pick with the potential to double in the coming months. Space is projected to become a trillion-dollar industry, and this company is poised for growth.
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