Stock Market Summary – June 10, 2025

BlackRock’s 2024 acquisition of alternative assets data provider Preqin for $3.2 billion is proving to have a significant and beneficial effect on the company. The move brings a new level of transparency to private markets, giving investors more access to non-public sectors such as infrastructure and private credit. Moody’s warned of potential risks in offering retail investors this level of access, but BlackRock CEO Larry Fink sees it as a big opportunity for future growth. Preqin’s integration is already showing results, adding approximately $20 million to BlackRock’s first-quarter revenue.

Despite concerns about inflation affecting the economy, government bond sales and inflation reports are expected to impact the bond market this week. Both consumer and producer prices for May are due out, as well as auctions for $39 billion of 10-year notes and $22 billion of 30-year bonds.

Bitcoin is expected to see a surge that could take it to all-time highs above $130,000, driven by strong institutional demand, a steady macro environment, and an improving regulatory environment. Analysts believe that Bitcoin has the potential to trigger higher returns, and as demand increases, retailers are expected to also see a profit increase.

Despite market turbulence during President Trump’s second term, the S&P 500’s annualized return is positive at 1.58%. Previous presidents’ tenures have seen greater returns in their early days, although Trump’s second term outperformed George W. Bush’s first term, which had a negative return of -12%.

Snap announced plans to release its sixth-generation augmented reality glasses, Specs, in 2026. Specs will run on Snap’s OS and will incorporate Google’s Gemini AI models. The glasses will be lighter and smaller than their predecessors.

The CBOE Volatility Index recorded a steep slide, the third-largest in history, pointing to a bullish outlook for patient investors over a longer time frame, according to Bespoke Investment Group. The S&P 500 is up over 6% since President Trump announced his plan for tariffs, and the volatility shock saw the shortest market plunge on record.

The notable movers midday in the stock market include Topgolf Callaway Brands, that saw a 5% increase, and Insmed whose stocks surged by over 26% after announcing a positive result from a study. J.M. Smucker saw a 13% pullback after it missed fourth-quarter revenue estimates and Taiwan Semiconductor saw a rise of over 1% after increasing yearly revenue. SolarEdge saw a 12% increase and SunRun gained 4% due to a Wall Street Journal report on tech companies lobbying lawmakers.

U.S. Health and Human Services Secretary, Robert F. Kennedy Jr. has raised concerns in health policy circles by gutting a government panel of vaccine advisors. This could introduce regulatory uncertainty for vaccine manufacturer stocks including Moderna, Merck, Pfizer, and BioNTech.

Jim Cramer’s top 10 things to watch in the stock market on Tuesday include Disney’s control of streaming service Hulu, Apple’s disappointing artificial intelligence updates, McDonald’s downgrades, and Bank of America’s increased price target on Cardinal Health.

Boeing’s gross orders for new airplanes reached 303 last month, the most since December 2023, indicating a potential financial recovery for the company against its competition with Airbus. Despite the ongoing pandemic, Boeing has managed to deliver 220 airplanes to customers this year. This surge in orders may result in further deals at the upcoming Paris Air Show.