Stock Market Summary – June 26, 2025

Stocks were trading higher, with the S&P 500 inching closer to its record close of 6,144 from February 19 and the Nasdaq 100 hitting record highs due to the recent surge in stocks associated with AI technology and infrastructure. Nvidia, in particular, closed at a record high, with a monthly gain of over 15%. Data centers are being built at an accelerated pace to meet increasing demands for AI power needs, with GE Vernova, Eaton and Dover emerging as key players in the portfolio.

A surge in Goldman Sachs’ monthly gain by over 14% was noted. BlackRock announced its entry into private market solutions, aiming to enhance returns by incorporating these into target-date retirement funds. BlackRock shares gained over 5% this week.

Furthermore, Generac’s shares are on track for their sixth day of consecutive gains and the best week since November 2024, up 12% due to current heatwaves and impending storm threats leading to increased demands for backup generators.

Royal Caribbean (RCL) shares broke out to all-time highs this week, with signs of further growth driven by renewed summer optimism. Nvidia shares also climbed 4.3%, marking a new closing high of $154.31 and making it the world’s most valuable company.

Meanwhile, Generac and other utility stocks are likely to benefit from the increase in power demand. Opportunities in companies like Sempra, Northwestern Energy, and Alliant Energy are being watched, with analysts also expecting an increase in power demand to improve margins for companies like Constellation Energy and Vistra.

Lastly, several stocks observed significant movements at midday, including Micron Technology, Core Scientific, Equinix, Kratos Defense & Security Solutions, AeroVironment, McCormick, Worthington Steel, MillerKnoll, H.B. Fuller, Penn Entertainment, and Acuity.

The stock market rebounded despite ongoing geopolitical conflicts and uncertainty, with the S&P 500 nearing a new record. The tech-focused Nasdaq 100 already set an all-time high earlier this week.

Apple’s stock was a focal point, as it continued to face headwinds resulting in a nearly 20% drop since the start of 2025. CNBC’s Jim Cramer expressed concern over the stock’s performance but remained supportive of the company due primarily to its high-quality products and services. However, Cramer suggested that Apple’s challenges such as weak iPhone sales in China, pressure from the White House to move its supply chain back to the US, and its staggered rollout of its AI suite, Apple Intelligence, may require a change in strategy, potentially through acquisitions.

Bitcoin’s performance remained restrained, trading in a tight range despite substantial ETF inflows. Bitcoin ETFs experienced their 12th consecutive session of inflows, with total inflows for this month reaching about $3.5 billion. Bruised by selling pressure from larger wallets, bitcoin’s rally remains muted, and the potential for a deeper correction exists if this trend continues.

U.S. President Donald Trump’s new immigration venture known as the “Trump Card” garnered attention but faced legal and market size-related challenges. The card, priced at $5 million, was initially popular with overseas wealthy individuals but now faces legal and tax obstacles, along with limited buyer interest.

Microchip technology company, Micron’s shares dipped in spite of strong quarterly earnings. Increased demand for high-bandwidth memory caused the company’s data-centre revenue to double in the first quarter.

In other corporate news, Starbucks received a raised price target from Deutsche Bank due to the coffee chain’s successful labor force strategy while Apple faced further pressure due to weak iPhone sales, geopolitical complications, and slow rollout of AI software.