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Market Report for Wednesday, June 25, 2025
AI stocks soared, the Fed hedged, and the market took a well-earned breather after laughing off last weekend’s $100 oil prophecy. Nvidia (NVDA) hit a new
Monopoly Money
Summary
- The day belonged to tech. Nvidia (NVDA) notched another all-time high, and Super Micro Computer (SMCI) went even bigger, offering Wall Street its favorite pairing: server racks and exponential adjectives.
- Small- and mid-cap stocks napped shoulder to shoulder. The equal-weight S&P lagged its cap-weighted cousin by 70 basis points.
- On the macro front, Fed Chair Jerome Powell wrapped day two of testimony by confirming what everyone’s been yelling since February: tariffs are inflationary, and he hinted that future trade deals might open the door to rate cuts.
Stock market insight for investors who prefer their briefings brisk, at jasonkelly.substack.com