Jun 17 2025

 

Market & Economic Update Summary – June 17, 2025

• Market Movement:

  • After Friday’s 1.1% drop in the S&P 500, markets are rebounding.

  • Small-cap stocks are leading, up ~0.9%. Broader market up ~0.6–0.7%.

• Geopolitical Tensions:

  • Ongoing conflict between Israel and Iran.

  • Israel expanded strikes to Iranian energy infrastructure and Houthi militia leaders in Yemen.

  • Despite this, oil prices fell 2% to ~$75/barrel.

• Sectors & Stocks:

  • Energy (XLE): Up 5.6% last week, testing the 200-day moving average.

  • Gold: Slightly down, ~$3,400/oz.

  • Cisco Systems: Up 2% after an upgrade by Deutsche Bank.

  • U.S. Steel: Up 5% after Trump approved its merger with Nippon Steel.

  • Tesla: Up 2%, launching robo-taxi service in Austin June 22.

  • Celsius: Up 5%, upgraded by TD Cowen.

  • Shopify: Rebounding after legal pressure and last week’s weak performance.

  • AMD: Up 2.5% after price target raised by Piper Sandler.

  • Circle (CRCL): Stablecoin issuer’s IPO surges 10%.

• Global & Economic Data:

  • China: May retail sales rose 6.4% YoY, beating expectations.

  • Fed Meeting This Week: No rate changes expected. Market unsure whether 1–2 cuts are coming later in 2025.

  • Upcoming Data:

    • U.S. May retail sales on Tuesday

    • Jobless claims Wednesday (early due to Juneteenth holiday Thursday

• Earnings Preview:

  • Quiet week.

  • Jabil (JBL) reports Tuesday; notable in AI hardware manufacturing.

  • Darden Restaurants (Olive Garden’s parent) to report later in the week.