June 13 2025

 

Main Market News & Headlines

• Markets Dropped overnight:

  • Nasdaq QQQ futures fell as much as 2.1%, now down about 1.2%.

  • S&P 500 and Dow futures also down ~0.9–1.2%.

• Cause: A surprise Israeli attack on multiple Iranian nuclear and military sites.

  • The strike aimed to neutralize Iran's nuclear capabilities.

  • According to the Wall Street Journal, Israel has planned 14 days of ongoing operations.

Sector & Asset Impact

• Oil spiked overnight:

  • Crude oil futures hit $77.62, up 14% intraday.

  • OIH (oil services ETF) up 4%; XLE (energy ETF) up nearly 3%.

• Defense stocks like Northrop Grumman (NOC) rose ~2%.

• Airlines dropped:

  • UAL, AAL, DAL were down on flight cancellations to the Middle East.

• Bitcoin fell to ~$100,400, down 1.8%.

• Gold surged 1.8% to $3,464/oz.

• Natural gas and silver also rose slightly.

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Other Notable Business News

• Adobe earnings:

  • Beat by $0.08 per share.

  • Revenue guidance above expectations; stock down ~4–5% in premarket.

• Chime Financial (CHYM) IPO:

  • Priced at $27, peaked at $44.94 on day one—up 66%.

  • $1.8B in recent sales; profitable 2 of the last 4 quarters.

• Circle (CRCL) also recently IPO'd, still in post-IPO range.

• AMD Investor Day:

  • Announced new AI chips (MI400).

  • Confirmed collaboration with OpenAI.