It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last Friday’s close. These milestones cap off a remarkable comeback for financial markets since April. Stocks were pummeled by President Donald Trump’s “reciprocal” tariff announcement on April 2 as Wall Street panicked over what higher levies would mean for economic growth and geopolitical relations. The S…
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Coinbase is the top performer in the S&P 500 in June, boosted by positive regulatory updates, product launches and, of course, its very inclusion in the benchmark stock index at the end of May.The crypto exchange’s outperformance in the S&P 500 extends back to the April 8 market low, just after President Donald Trump’s initial sweeping tariffs announcement sent stocks sinking.Coinbase is now on pace for its third straight monthly gain, 44% in June alone, and its first three-month rally since the end of 2023. On Thursday, the stock hit its highest level since the day of its initial public…
Next week kicks off a new trading month as well as the back-half of 2025, and Wall Street will be watching to see if stocks keep up their recent than momentum. Stocks have made a massive comeback after seeing steep declines in early April, when investor anxiety around President Donald Trump’s sweeping tariff policy put the S & P 500 near bear market territory . On Friday, the S & P 500 rose to a fresh all-time intraday high , spurred by optimism that trade deals with China and other U.S. trading partners would be announced soon. The benchmark later…
U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a digital services tax on American tech firms.Trump’s announcement on Truth Social accused Canada of “copying the European Union” with the “egregious” tax.”We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven…
The ramp-up in artificial intelligence may send shares of Alphabet higher in the coming months, according to Citizens. The investment firm upgraded the “Magnificent Seven” name to market outperform from market perform and set its price target at $220, implying nearly 27% upside from Thursday’s close. “We believe AI is a net tailwind, with ChatGPT’s impact too small today to move enough queries away from Google to materially impact results, while AI is expanding the search opportunity by answering a broader array of queries and extending monetization as AI better infers user intent,” analyst Andrew Boone wrote in a note…
Williams Companies (WMB) , a large-cap natural gas processing and transportation business, is toying with the prospect of a move up and out of the six-month range in which it has been trading. A breakout here not only would represent a breakout to a new 52-week high; it would also be a move above the stock’s former highs of a decade ago. Indeed, 10 years ago, on June 22, 2015, WMB hit a high of $61.38. Today, the stock is trading around $62.80. We’re buyers here, with a price objective of $70. WMB’s short-term chart shows the stock has formed an “ascending triangle.”…
Investors can suspend their focus on price-to-earnings and other multiples as the stock market rises to all-time highs, according to Dan Niles, founding partner of Alpha One Capital Partners. “You kind of have to forget about valuations for now,” Niles said on CNBC’s “Squawk on the Street.” “Then we’re going to get to Thanksgiving, and I think things are going to hit a wall. But for right now, I’m really enjoying the ride.” Niles’ comments come as the S & P 500 rallied to a new record on Friday, the latest milestone in the stock market’s dramatic comeback following the…
These are the stocks posting the largest moves in midday trading. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTony Roth, chief investment officer at Wilmington Trust, speaks with CNBC’s Jeff Cox about the current state of play in the financial markets and the economy, with Tony emphasizing the importance of non-U.S. assets amid a time of elevated uncertainty over trade policy and the Fed’s approach to interest rates. Along the way, he also fields questions from CNBC Pro subscribers. Source link
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty ImagesOn the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases have yet to hit. Inside the U.S. economy, within distribution networks that manage inventory, there are fewer items overall due to the trade war, but more goods on which sticker prices are going up.”We are now seeing multiple customers increasing pricing,” said Ryan Martin, president of…
