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Intel (INTC) shares tumbled Wednesday after surging the previous session as chip stocks rallied amid hopes that curbs on exports to China could be eased. Oracle stock has climbed steadily in recent weeks as investors have embraced the AI trade amid waning economic uncertainty. Shares are up about 45% since hitting a forex trading manual year-to-date low in mid-April, and about 7% since the start of the year. Deepwater Asset Management called the Musk-Trump friction an “overreaction” in a Saturday note. “Long term, the White House will likely support autonomy given its central role in global AI leadership,” the firm’s note read.
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- Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.
- The price of bitcoin dropped to $108,900 recently, as U.S. stocks backed off their earlier highs as well.
- Prices surged in afternoon trading amid reports that the State Department had ordered the departure of all nonessential personnel at the U.S.
- “Used construction inventories are declining year-over-year for the first time since December 2022, while the new equipment destock is more than halfway complete,” analyst Jerry Revich said.
- Further hints that tariffs are sparing inflation could put the Federal Reserve in a tight spot ahead of its policy meeting next week.
Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. Chewy shares were down 12% in mid-afternoon trading but remain 20% higher in 2025. In another win for bitcoin bulls, the 50-day moving average (MA) crossed above the 200-day MA last month to form a bullish golden cross signal. The digital currency has gained about 16% since the start of the year, far outpacing the performance of major stock indexes. Prices surged in afternoon trading amid reports that the State Department had ordered the departure of all nonessential personnel at the U.S.
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The company reported adjusted earnings per share (EPS) of $0.35 on net sales that increased 8.3% year-over-year to $3.12 billion, while analysts had expected $0.34 and $3.08 billion, respectively. Last quarter, Chewy had guided for $0.30 to $0.35 and $3.06 billion to $3.09 billion in Q1. Stocks in the nuclear energy sector have risen over the last year due to the anticipation of growing energy needs to run data centers and train artificial intelligence models. Oklo shares rallied last month after the company announced it had completed initial work at the site in Idaho, where it is planning to build and start operating its first reactor by late 2027 or early 2028. Oil prices had risen earlier in the session after the U.S. and China agreed to a trade deal that eased fears about the economic fallout of a protracted trade war between the world’s two largest economies. GameStop, which earlier this week reported its latest financial results, is a video-game retailer seeking to become a Bitcoin treasury.
Fed could cut rates if there is ‘compelling evidence of labor market deterioration,’ Bank of America says
The company in a press release said it was offering $1.75 billion in the notes, with as much as $250 million more available to initial purchasers of the notes. Intel (INTC) shares tumbled more than 6% to lead S&P 500 decliners, giving back most of the big gains posted on Tuesday. Shares of Advanced Micro Devices (AMD) slipped nearly 2% ahead of the company’s ‘Advancing AI’ event on Thursday. Stocks closed slightly lower Wednesday as investors digested a closely watched inflation report and the latest developments in trade talks between the U.S. and China. Please bear with us as we address this and restore your personalized lists. “An optimistic take on the data would be that the pickup in goods inflation reflects some preemptive price hikes ahead of the tariffs,” he continued.
Historical Prices for Dow Jones
The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Goldman is penciling in three 25 basis point cuts in September, October and December, along with two more quarter-point reductions in 2026. That results in a terminal rate forecast of 3% to 3.25%, down from the firm’s earlier call for 3.5% to 3.75%. Most sectors are trading in the green, with utilities stocks leading industry gains on a rise of around 1%. Shares of Tesla dropped nearly 5% in premarket trading Tuesday after President Donald Trump took aim at Elon Musk amid the CEO’s criticism of his tax and spending bill. Kontoor Brands shares rallied on Tuesday after Goldman Sachs added the apparel stock to its conviction list.
Intel Stock Price Levels to Watch Amid Recent Volatility
Put another way, investors appear to have moved on, even if the degree to which Musk and Trump have—the former earlier today posted that he “went too far” in some of his comments regarding the president, though he didn’t say which ones—remains an open question. Shares of Chewy (CHWY) fell sharply Wednesday as the online pet retailer’s first-quarter profit came in below analysts’ expectations. Bitcoin (BTCUSD) has rallied over the past week to approach the record high it set last month, tracking the strong performance of U.S. equities and encouraging signals about the U.S. economy. But Treasury Secretary Scott Bessent told Congress it’s “highly likely” that countries in trade negotiations with the US will see an extension of the 90-day tariff pause, currently set to expire July 9.
Starbucks (SBUX) shares are climbing toward prices not seen since April, when newly enacted tariffs dragged down the market. The yield on the 10-year Treasury note, which affects borrowing costs on a wide range of loans, notably mortgages, was at 4.42%, down from 4.47% at yesterday’s close and 4.51% before the release of the inflation report this morning. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, fell 0.5% to 98.64. Meanwhile, the US dollar (DX-Y.NYB) sank to its lowest level in three years amid the tariff threats and as fresh price data showed a so-far mild impact from Trump’s tariff policies. Wholesale inflation increased less than economists expected, one day after its consumer counterpart showed an easing in price pressures. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks.
Further hints that tariffs are sparing inflation could put the Federal Reserve in a tight spot ahead of its policy meeting next week. Bets on interest rate cuts this year have mounted, but analysts expect officials to maintain their wait-and-see approach to economic data and policy decisions, with September seen as the most likely spot to resume rate cuts. Oracle shares are expected to move about 7.2% in either direction by the end of the week, according to options pricing data. That would put shares at about $190, their highest price this year and just 1% shy of a record, or about $164, which would erase the stock’s gains so far this month. Software company Oracle (ORCL) is scheduled to report fiscal fourth-quarter earnings after the closing bell on Wednesday, and traders see potential for the stock to hit a record high on the results. Other factors are helping support stocks—including high-profile tech shares—lately.
CNN and its affiliates may use your email address to provide updates, ads, and offers. Trump’s trade advisor Peter Navarro ripped into Apple’s reliance on China on Monday. He added that while the labor market still appears healthy, it’s become harder to find a job. “Both residual seasonality and immigration policy changes pose near-term downside risk to payrolls,” Mericle wrote. Goldman Sachs pulled forward its Federal Reserve rate-cut outlook to September, a tweak from its earlier call for a December reduction. It’s been around 25 minutes since the opening bell, and European shares are struggling to gain momentum.
Oklo shares gained 30% in regular trading, pushing the stock’s year-to-date gain to 220%. Shares were down about 5% in extended trading hours after the company announced a public offering of $400 million in stock. The news follows a recent rally for Oklo and other nuclear energy stocks, sparked by President Donald Trump signing executive orders last month aimed at boosting the industry. Oklo CEO Jacob DeWitte was in the Oval Office when the orders were signed, and the company released a statement supporting the directives. Oil prices rose as a U.S.-China trade deal and soft inflation report boosted demand expectations while concerns about political instability in the Middle East sparked fears of supply disruptions.
- Tesla — The electric vehicle maker shed 6% after President Donald Trump suggested that the U.S.
- There has been no official NCAA basketball game since Electronic Arts last edition in 2009, but the revived college football game released last year proved to be a big hit for EA, opening the door for the company to take another stab at a sport where it has struggled.
- Oil’s rebound picked up pace in early June when OPEC lifted its production targets by less than investors expected.
- Oklo CEO Jacob DeWitte was in the Oval Office when the orders were signed, and the company released a statement supporting the directives.
“Still, there is most likely a lot more tariff-driven inflation in the pipeline.” “Used construction inventories are declining year-over-year for the first time since December 2022, while the new equipment destock is more than halfway complete,” analyst Jerry Revich said. “Meanwhile, margin expectations now embed tariff headwinds and valuations appear reasonable on mid-cycle earnings.”
Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment. The stock is set to trade on the New York Stock Exchange under the ticker “FIG,” according to the filing. The company disclosed $749 million of revenue for 2024, with a net loss of $732.1 million. The Dow Jones Industrial Average climbed on Tuesday as investors rotated out of technology stocks to kick off the second half of 2025. Tesla shares were up nearly 3% in recent premarket trading, putting the stock in position to recover all of the ground that was lost after the fracas between Musk and Trump. Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang said that the industry is “reaching an inflection point.”
On Tuesday evening, Musk responded to a user asking questions about the launch of Tesla’s robotaxi program, saying it will launch “tentatively, June 22.” Importantly, the move higher occurred on the highest daily volume since early April, indicating buying conviction from larger market participants. Moreover, the rally thrust the relative strength index back above its neutral threshold to signal accelerating price momentum. But it nevertheless appears that investors are moving beyond last week’s headlines and—as Shakespeare’s Prospero might have said—these latest revels are now ended. Advanced Micro Devices (AMD) CEO Lisa Su is set to take the stage tomorrow for a keynote presentation on the chipmaker’s latest developments in artificial intelligence.
EA Sports teased the return of a college basketball video game on Monday, and that could be an early step to another hit for the video game company, according to Deutsche Bank analyst Benjamin Soff. CEO Lip-Bu Tan, who took over the top spot in mid-March, has launched a major restructuring effort. Tesla’s (TSLA) stock is rising for a fourth straight day and was recently right around the price at which it closed June 4. That was the session before a spat between CEO Elon Musk and President Donald Trump led to a remarkable series of social-media posts and statements that culminated in a one-day drop of about $150 billion in Tesla’s market value. Tesla’s market value is meanwhile back above $1 trillion, according to Visible Alpha data.
