Stock Market Summary – June 09, 2025

US stock futures remained little changed after two positive weeks. S&P 500 has ended above 6,000 for the first time since late February and is less than 3% away from its record closing. Trade talks between the US and China, consumer price index, and producer price index might determine the rise. The US and China are trying to negotiate to cut tariffs ranging from 30% and 10%, a concern causing uncertainty for investors.

Apple Inc., having suffered from Trump’s trade wars, is having a WW Developers Conference. Apple shares have fallen over 18% in 2025 due to tariff concerns affecting profits and consumer demand.

Warner Bros. Discovery announced its split into two public companies, a streaming and studios business (including its movie empire and HBO Max) and a global networks company (featuring CNN, TNT Sports, and Discovery). This move is disrupting the media industry as more consumers move to streaming platforms.

Major semiconductor stocks seem overextended, as evidenced by stocks like Broadcom (AVGO) and Nvidia (NVDA), which are due for pullbacks according to the DeMARK indicators. AVGO has forecasted deeper pullbacks over the next 2-4 weeks, with a near-term retracement for NVDA as well.

Topgolf Callaway Brands’ stocks soared 11% after a major corporate director bought about $2.5 million worth of company shares. The company’s stock has declined 9% in 2025 and over 50% over the past year.

CEO recession expectations have declined from April, with less than 30% of CEOs predicting a mild or severe recession in the next six months. This is down from 46% who predicted the same in May and 62% in April.

Warner Bros. Discovery split has cast doubt over the future of TNT Sports. The current Warner Bros. Discovery CFO, Gunnar Wiedenfels, will become the CEO of Global Networks, and the future decision regarding TNT Sports programming lies in his hands. He might, for example, license TNT Sports programming to Streaming and Studios business or other entities.

In summary, the stock market is cautiously observing the outcomes of US-China trade talks, while the technology and media sectors are witnessing significant shifts because of changing consumer demands and tariff concerns. Greatest attention falls onto industries such as semiconductors and sports entertainment, which are undergoing marked over-extensions and insider purchasing, respectively.

The stock market experienced a peculiar rotation with laggards like Texas Instruments gaining traction while previous winners saw a downturn. This may be concerning due to the shift in investing lower-quality stocks over higher quality ones. However, Starbucks saw a recovery as it navigated the competitive Chinese market. The company’s price cutting strategy on non-coffee beverages appears to be winning customers over during the summer. Starbucks experienced a nearly 7% rise last week and a continuous climb.

In contrast, Broadcom’s earnings report led to a sell-off, making it close 5% lower. Despite this, AI revenue rose 46% YoY, causing price targets at several firms to increase. This caused Jim Cramer of CNBC Investing Club to advise buying into Broadcom’s stock.

In the healthcare sector, Alnylam Pharma (ALNY) broke out prior resistance at $300 due to company-specific news about new indications for one of their drugs, leading to multiple price target raises. Alnylam grew revenue to $2.25 billion in revenue last year and sustained a $40 billion market cap. The company is expected to experience a revenue growth of 24–33% in the next years.

Biggest gainers were Warner Bros. Discovery, Topgolf Callaway Brands, Quaker Chemical, and IonQ, the quantum computing stock that announced a billion-dollar deal to acquire Oxford Ionics. On the other hand, Universal Health Services, EchoStar, Apple, Robinhood, AppLovin, Intuitive Surgical, McDonald’s, and Aon were among the biggest losers.

President Donald Trump is also promoting “Trump accounts”, an investment account program for newborn Americans that gives $1,000 from government funding. CEOs from Uber, Dell, Goldman Sachs and other companies are expected to invest billions of dollars into these accounts.

Lastly, Americans grew less fearful about inflation as President Trump backed off the most severe of his tariff proposals. The annual inflation outlook dipped to 3.2%, a 0.4 percentage point decrease from April, indicative of progress despite still being above the Fed’s 2% annual target.