TheDrop Market Analysis, 06/10/25
- Alexangel Ventura
- Jun 10
- 1 min read
Markets rose ahead of a pivotal week of CPI data and developments in trade negotiations between the United States and China.
The S&P 500 rose 0.57%, the Dow rose 0.25%, and the Nasdaq fluctuated over the course of the day. Both the S&P and the Nasdaq have reached near all-time highs, nearly recovering all of their losses from the tariff period in early 2025.
Stocks have proved strong for a variety of reasons; the U.S.-China trade negotiations have steadily progressed as talks in London agreed to follow standards set by the Geneva Convention, and as approved by Secretary of Commerce Howard Lutnick and Secretary of the Treasury Scott Bessent. Some earnings reports were also positive today for Q2, including Taiwan Semiconductor Manufacturing Co., Intel, and GameStop.
However, although markets have generally been bullish today, some investors have remained cautious due to the release of May CPI results on Wednesday. Many economists have feared that inflation could rise due to tariffs.
Every single member of the Magnificent 7 grew in share price apart from Microsoft as its competitors surged. Alphabet and Tesla proved particularly well; Tesla has continued its trend toward correction, and Alphabet saw a major deal with OpenAI.
