Zhong Guo Ji Jin Bao·2025-06-13 00:12Market Overview - US stock market closed slightly higher with the Dow Jones up 0.24% at 42,967.62 points, S&P 500 up 0.38% at 6,045.26 points, and Nasdaq up 0.24% at 19,662.48 points [2] - Goldman Sachs' chief US equity strategist David Kostin predicts a potential short-term decline in US stocks due to economic headwinds, but expects a rebound by year-end, forecasting a 10% increase in the S&P 500 to reach 6,500 points [4] Economic Data - The US Producer Price Index (PPI) for May increased by 2.6% year-on-year, in line with expectations, while core PPI rose by 3%, slightly below the expected 3.1% [4] - The increase in PPI is attributed to limited rises in the costs of goods and services, with economists predicting heightened price pressures in the second half of the year as companies seek to protect profit margins [4] Boeing Incident - Boeing's stock fell nearly 5% following the first global incident involving a Boeing 787 aircraft, which crashed in India, resulting in at least 265 fatalities [5][6] - The crash has led to a decline in airline stocks, with American Airlines down over 1%, Delta Airlines down 0.62%, Southwest Airlines down over 2%, and United Airlines down over 1% [5][6] Oracle Performance - Oracle's stock rose over 13% after reporting fourth-quarter earnings that exceeded expectations, with adjusted earnings per share (EPS) of $1.70 against an expected $1.64, and revenue of $15.9 billion compared to the forecast of $15.59 billion [10] - The company anticipates significant growth in its cloud business, projecting a 40% increase overall and over 70% growth in cloud infrastructure by fiscal year 2026 [10] Trade Policy - The US Department of Commerce announced a 50% tariff on various steel household appliances, including dishwashers, washing machines, and refrigerators, effective June 23, which may lead to increased consumer prices [11]