U.S. President Donald Trump speaks to the media, after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, in the Press Briefing Room at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersPresident Donald Trump on Friday called New York City Democratic mayoral candidate Zohran Mamdani “a communist,” and said the Big Apple will become “a communistic city” if he is elected mayor in…
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Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike manufacturing hubs like China and Vietnam would derail the company’s comeback.Nike posted a poor fourth quarter, as sales dropped 12%, net income plunged 86% and profit margins dwindled. But CEO Elliott Hill stressed the company has emerged from the worst of its slump, and the slide…
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…
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
