From Nasdaq: 2025-06-12 13:44:00

Stock indexes rebounded today, with the S&P 500, Dow Jones, and Nasdaq all up. Chip makers lifted tech stocks. US jobless claims and PPI reports favored Fed rate cuts, pushing bond yields lower. Trade uncertainty due to Trump’s tariff letters to US trading partners and rising Middle East tensions impacted markets negatively.

US weekly initial jobless claims remained high at 248,000, with continuing claims also rising. PPI reports showed a slight increase in final-demand and a decrease in ex-food and energy prices. The focus remains on tariff news, with a 3% chance of a rate cut at the next FOMC meeting.

European government bond yields rose, with the ECB potentially pausing rate cuts due to improved economic outlook. UK manufacturing and industrial production fell in April. US stock movers included chip companies like ON Semiconductor and Nvidia, while airlines like United and American faced pressure due to declining airfares.

Oracle led gainers in the S&P 500, while Calavo Growers received a buyout proposal. Anglogold Ashanti saw positive coverage from Roth Capital Partners. Datadog led gainers in the Nasdaq 100 after an upgrade. Boeing, GameStop, Oxford Industries, and GE Aerospace faced declines.

Earnings reports for June 12 include Adobe, America’s Car-Mart, Immersion Corp, Lovesac Co, and RH. The author did not hold positions in mentioned securities. The views expressed are not necessarily those of Nasdaq, Inc.



Read more at Nasdaq: Stocks Rebound as Fed-Friendly US Economic News Knocks Bond Yields Lower