Stock Market Summary – June 12, 2025

Google Cloud and other internet services reported global outages on Thursday disrupting many major internet services. Affected companies included Amazon Web Services, Amazon’s Twitch, CoreWeave’s Weights and Biases, Elastic, Gitlab, LangChain, Microsoft’s GitHub, Replit, and Intuit’s Mailchimp. The situation negatively impacted Cloudflare, which saw its stocks fall by about 6%.

The stocks of Nvidia gained significantly after the CEO Jensen Huang’s Charitable Foundation grew from $828 million in assets to over $9.1 billion, due to shares Huang donated to the foundation. This catapults the foundation to become one of the 15 largest private foundations in the U.S.

Former President Donald Trump announced that the U.S. will have a “golden share” in U.S. Steel after its deal with Japan’s Nippon Steel closes. However, information about how the deal is structured and other details are yet to be provided by the White House, U.S. Steel, and Nippon Steel.

The online banking company, Chime, opened at $43 in its Nasdaq debut. The company had earlier sold its shares at $27 each in an IPO, thereby valuing the company at $11.6 billion. Even though this is a step down from the $25 billion valuation the company received in 2021, Chime’s offering signifies a reopening of the fintech IPO market.

Oracle shares rose by 15% due to robust earnings and a strong forecast, fueled by growth in the cloud. The company’s revenue rose by 11% year-over-year to $15.9 billion, and adjusted earnings per share of $1.70 exceeded the average analyst estimate of $1.64. This is being attributed to Oracle’s recent headway in the cloud infrastructure market, competing against major companies like Amazon, Google, and Microsoft.

President Donald Trump criticized Federal Reserve Chair Jerome Powell, urging him to lower interest rates, claiming a 2 percentage point cut would save the U.S. $600 billion annually. The pressure came after a Labor Department report showed lower than expected inflation increase.

A recent survey found 53% of retail executives expect the U.S. to avoid imposing the proposed 46% “reciprocal” tariffs on goods imported from Vietnam, a significant importer for companies like Nike. There is tempered optimism that President Trump will soften the impact of these tariffs as has often been seen previously.

Palo Alto Networks (PANW), a cybersecurity company, is showing solid performances in its business units, with the AI and automation business, Cortex, driving significant growth. The company, which is the largest cybersecurity stock in America with a $130 billion market cap, plans to double its business over the next five years.

Exchange-Traded Funds (ETFs) and mutual funds offer different advantages, with ETFs offering the ability to buy and sell like individual stocks throughout the day, while mutual funds are priced only at the end of the trading day. Based on State Street data, ETFs generally have lower expense ratios compared to mutual funds, with 0.52% versus 0.91%.

Finally, investment bank UBS recommended retail stocks Costco Wholesale, O’Reilly Automotive, and Walmart, dubbed “COW” stocks as a measure of safety against macroeconomic uncertainty. Each stock has performed well in 2025, with share increases of 14%, 9%, and 4% year-to-date respectively.