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S&P 500 nears record high, Nvidia stock surges, Powell testimony
Yahoo Finance· 2025-06-25 15:14
Opening Bid anchor Brian Sozzi breaks down the stocks to watch and the latest financial news to unleash the power of your portfolio for June 25, 2025. S&P 500 is within striking distance of a record high. We look at stocks to watch and what could drive markets higher. HPE CEO Antonio Neri speaks with Brian about AI and the partnership with Nvidia to expand AI factories and offerings. He also discusses the DOJ suing to block the $14 billion Juniper acquisition. Nvidia stock surges to its highest level since ...
Rep. French Hill: Price stability should be the sole mandate of the Fed
CNBC Television· 2025-06-25 12:45
Fed Chair Jay Powell testified before the House Financial Services Committee yesterday, telling lawmakers that he's in no rush to lower rates. Pal will be back this morning for round two in front of the Senate Banking Committee. But joining us right now is the chairman of the Financial Services Committee, French Hill.Um French, thank you very much for being with us. Mr. . Chairman, you um saw everything that Chairman Pal had to say yesterday, and I guess I'd ask first, was there anything in his remarks that ...
Wharton's Siegel Sees a Lot of Positives for Stocks
Bloomberg Television· 2025-06-25 11:41
Is the pain trade now to the up or to the downside. I think the tendency is definitely up that the trend is up. I mean, the you know, if the ceasefire holds, it looks good now.That's a that's a tremendous plus for the markets. I think, you know, all time highs for the S&P are virtually a foregone conclusion now and and further highs after after that. I mean, Powell was flexible.Clearly, Congress wants interest rates to go down and a number of Fed officials do. That could be a positive. I think they should g ...
Not sure why the markets are leaning into a Fed rate cut so much, says BMO's Carol Schleif
CNBC Television· 2025-06-25 11:26
S&P as we've noted, is less than 1% from an all time high. Joining us now Carol Schleiff, BMO, BMO Private Wealth Chief Market Strategist the. Carol, it's good to see you the way the way that the journal I like summarized what Powell told lawmakers yesterday.It's kind of indicative of I think what we're talking about, he said, yeah, recent economic data would have likely justified some cuts, good cuts, I think because of inflation, not necessarily for because of bad reasons for weakness. However, higher tar ...
Crypto is about to 10X ↑
Altcoin Daily· 2025-06-24 22:14
Market Sentiment & Investment Opportunities - The crypto market is perceived to be in a "last chance zone" for current price levels, suggesting a potential upcoming bull run [1][2] - Rate cuts by the Federal Reserve are anticipated, which are expected to positively impact altcoins [3][4] - The market is shifting from retail-driven to Wall Street institutions and nation-state driven [1] - A specific altcoin, DMC (Delorean token), is highlighted as a promising project within the SUI ecosystem, having launched successfully [6] Regulatory Landscape & Institutional Adoption - The Federal Reserve is facing increasing questions about Bitcoin and crypto, with the Fed chair's responses being viewed as positive for the crypto market [7] - The Fed has removed "reputational risk" as a component in bank exams, seen as a positive step to depoliticize bank oversight, potentially encouraging bank involvement in digital assets [8][12] - Visa is expressing bullish sentiment on crypto and stablecoins, actively building infrastructure to embrace them [16][17] - The Genius Act has passed the Senate and is expected to pass the House, providing regulatory clarity for stablecoins [17] - The crypto market structure bill (Clarity Act) is considered a significant development that could allow exchanges to register with the CFTC, potentially reducing SEC oversight [18][20] Technological Evolution & Future Trends - Crypto is viewed as the next stage in the evolution of financial services, with shared infrastructure replacing traditional business logic [25][26] - The Robin Hood CEO believes that Bitcoin and crypto will replace traditional finance [23]
Pressure on Treasurys could lead to weaker U.S. Dollar, says Ben Emons
CNBC Television· 2025-06-24 22:06
For more on Powell's testimony and how the Middle East conflict uh factors into the Fed's thinking, let's bring in Fed Watch Advisors founder Ben Emmens. Ben, great to see you. Um I first want to ask you about bond yields being at 4.29% on the 10-year and and I'm just wondering because we saw this is a day when the markets rallied.We saw oil come off precipitously. All the risk premium got taken out of the oil market at this point and we didn't have much of a move in the bond market. So at this point is it ...
Why Shopify Stock Was Climbing Today
The Motley Fool· 2025-06-24 20:24
Shares of Shopify (SHOP 4.11%) were moving higher today in line with a number of growth stocks in a day with broad gains across the market.The e-commerce software company seemed to benefit from favorable comments from Fed Chair Jerome Powell about lowering interest rates. Additionally, stocks rose on news of a ceasefire between Iran and Israel, though that seemed to have less of a direct effect on Shopify.As of 3:21 p.m. ET, the stock was up 4.6%. At the same time, the Nasdaq Composite was up 1.6%. Shopify ...
X @Investopedia
Investopedia· 2025-06-24 19:00
Fed Chair Powell Holds Firm On 'Wait-And-See' Approach To Rate Cuts https://t.co/ohqmJIYmVd ...
Home Price Increases Cool, Fed Chair on Capitol Hill Today
ZACKS· 2025-06-24 17:26
Tuesday, June 24, 2025We have a potentially newsworthy day for the stock market today, although pre-market trading is again shrugging off most of what might bring negative connotations. The blue-chip Dow is +265 points at this hour, +0.62%, while the S&P 500 is up +42 points, +0.70%. The tech-heavy Nasdaq again leads the way, up +213 points, +0.97%, while the small-cap Russell 2000 is +18, +0.87%.Bond yields are roughly where we left them as of yesterday’s close: +4.35% on the 10-year and +3.85% on the 2-ye ...
Fed's Beth Hammack: Policy could remain on hold for 'quite some time'
CNBC Television· 2025-06-24 14:20
Walk on the street. I'm Steve Leeman. The big Fed news of the morning, of course, is Fed Chair Powell in his testimony before Congress pushing back against the possibility of a July rate cut from two of his committee members.More on that in just a second. But first, we have new comments from Cleveland President Beth Hammock adding to the chair's view that rates should remain on hold. She says she does not see economic weakening that would merit rate cuts.The risk to maintaining current policy, she says, app ...