Tuesday, June 10, 2025
Markets closed another session higher today, ahead of where the economic grist really hits the mill. This begins tomorrow with the May
Consumer Price Index (CPI)
report. Also, should trade talks between the U.S. and China — now going into Day 3 — bring about continued hope that we may see an upward catalyst for market participation.
Eventually, these days will start to feel the altitude of current valuations. The S&P 500 is now at its highest level since February 20th — when the index was moving rapidly in the opposite direction. But indexes shot up near session highs at the closing bell today. The Dow gathered +105 points, +0.25%, the S&P 500 +32 points, +0.55%, the Nasdaq — led by +8% gains in
Intel
INTC today and +10% for
Tesla
TSLA over the past two days — closed +123 points, +0.63%, and the Russell 2000 +11 points, +0.56%.
These indexes are now up +10-15% from April lows, and closing in on all-time highs set in late 2024. This is all well and good — as long as you’re not expecting the Fed to cut interest rates anytime soon — but at some point we’ll need more than just some encouraging words about pending trade deals. So far, that’s pretty much all there is.
Q1 Earnings Season Continues to Wrap Up: GME
Former celebrated “meme stock”
GameStop
GME posted mixed results after the closing bell today, beating on its bottom line by a penny to +$0.09 per share from the Zacks consensus, but coming up well short of expectations on the top line to $732.4 million and -17% year over year. Operations for the quarter in the U.S. were positive, but negative in Canada, Australia and Europe. Shares are down -5% in late trading on the news.
That’s still better than
PetMed Express
PETS, which announced it would delay fiscal Q4 earnings this afternoon. Expectations are for a slimmer loss per share from the year-ago quarter, but for quarterly revenues to tumble -27.5% from fiscal Q4 of last year. The report, and following conference call, are now scheduled for Monday. Shares are down -8% on this development.
What to Expect from the Stock Market Wednesday
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
PetMed Express, Inc. (PETS) : Free Stock Analysis Report
GameStop Corp. (GME) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research