From Nasdaq: 2025-06-25 18:13:00

Stock markets closed flat-to-down on Wednesday, with the Dow slipping 106 points, the S&P 500 unchanged, and the Nasdaq gaining 61 points. Fed Chair Jerome Powell hinted at a possible interest rate cut but warned of inflation from tariff policies. The Nasdaq is approaching all-time highs due to AI investment, with NVIDIA stock up 64%.

Micron reported strong Q3 earnings, beating estimates with $1.68 EPS and $9.30 billion in revenues. The company raised Q4 guidance to $2.35-2.65 EPS and $10.4-11.0 billion in revenues. Micron stock, already up 51.2% year-to-date, rose 4% in after-hours trading. AI investment is boosting companies like Micron in the tech sector.

Thursday’s economic reports include Trade Balance, Retail/Wholesale Inventories, Durable Goods, Pending Home Sales, and the second revision to Q1 GDP. Weekly Jobless Claims are crucial, with Initial Claims at 250K and Continuing Claims rising to 1.95 million. Markets will closely watch for signs of improvement in jobless claims, which could impact market sentiment and Fed policy.



Read more at Nasdaq: Non-Tech Markets Lose Steam; Nasdaq Approaches Record High