Stock Market Summary – June 12, 2025

The main article talks about the differences between ETFs and mutual funds. Although both are popular investment vehicles, ETFs and mutual funds have different structures. ETFs are tradeable like individual stocks and their prices fluctuate throughout the day. Mutual funds, on the other hand, are purchased and sold directly and priced at the end of the trading day. Another distinction is that ETFs tend to have lower expense ratios than mutual funds due to the operational cost differences. There are no specific market figures provided in the article.

Bank of America endorsed Goldman Sachs, setting a $700 price target and reiterating a buy rating for the investment bank’s stock. Goldman Sachs was applauded for its resilient and adaptable strategies. It has propelled a 9% overall gain in 2025, and a 4% leap in June alone.

GameStop’s stock dropped by more than 23% when the company announced its plans of issuing a $1.75 billion convertible notes offering to fund its bitcoin purchase strategy. The primary goal is the acquisition of cryptocurrencies for its balance sheet, further indicating its shift towards the trading card market. However, the market reaction to this strategy appears uncertain.

In analyst calls, Nvidia, Amazon, Palantir, Dell, SoFi, Oracle, BJ’s, Lockheed Martin, and others, received positive analyses. Stocks like Nvidia and Oracle, were reiterated as ‘overweight’ by analysts from Morgan Stanley and Barclays respectively. Amazon and Dell were reiterated as buy by Bank of America and Deutsche Bank respectively, based on their innovations in AI and infrastructure.

In premarket trading, Boeing’s shares suffered a 7.5% loss following the crash of an Air India Boeing Dreamliner. Oracle’s stock surged by 9% after its Q4 earnings and revenue beat analyst estimates. On the contrary, GameStop fell by approximately 16% after announcing plans to sell $1.75 billion of convertible senior notes, primarily for investing in bitcoin. Other stocks that made significant moves in premarket included CoreWeave, CureVac, Voyager Technologies, and Oklo.

Increasing tensions between the US and Iran have sparked a surge in oil prices and escalated concerns about the prospect of a military confrontation, following less successful than expected nuclear talks and the withdrawal of some American personnel from the Middle East. The primary stumbling block to an agreement appears to be Iran’s uranium enrichment, which the country maintains is its right within the terms of the Nuclear Non-Proliferation Treaty.

On Wall Street, precious metals are outperforming the US stock market, with gold, silver, and platinum yielding significant returns for investors seeking refuge from trade war uncertainty. The price of gold has soared by 27.5%, silver is up by 24%, and platinum increased by an impressive 36%.

The chaotic trade policies of Donald Trump’s administration have shaken markets and led investors to shift their attentions to traditionally less popular assets. The S&P 500 has seen an increase of less than 3% this year, while the US dollar has grown largely weaker.

Chipmaker Huawei is set to capitalise on China’s developing technology market if the United States continues to restrict access to AI semiconductors. Even though Nvidia’s technology is currently a generation ahead, CEO Jensen Huang warns that export curbs on China could result in Chinese AI technology winning out if American companies don’t compete in China’s market.

Yields for 10-year Treasury bonds dropped 6 basis points to 4.355%, and the 2-year yield dropped 4 basis points to 3.901%. These movements have been influenced by slower than predicted inflation rates in May and the potential extension of a pause on reciprocal tariffs by the Trump administration. An upcoming deadline for this pause is adding volatility, particularly in the bond markets.