📅 June 24, 2025 | New York
By StockMarketRulers.com
US stocks rallied on Monday, defying geopolitical headwinds as major indexes closed in the green. Despite fresh missile strikes by Iran targeting US military bases, market optimism surged, driven by sharp gains in tech and consumer discretionary sectors. Notably, Tesla (NASDAQ: TSLA) led the charge with a jaw-dropping 9.8% jump, while crude oil prices fell nearly 5%, countering typical war-driven trends.
📊 US Stock Market Snapshot:
- Dow Jones Industrial Average (DJI): ⬆️ +0.67% to 42,490.07
- S&P 500: ⬆️ +0.70% to 6,009.9
- Nasdaq Composite: ⬆️ +0.70% to 19,595.7
The rally was led by consumer discretionary stocks, while energy shares dragged, reflecting the unexpected drop in oil prices despite the heightened Middle East tensions.
🌍 Geopolitical Risk on the Rise
According to CNN and Iranian outlet Tasnim, Iran retaliated with missile strikes on US bases in Iraq and Qatar following US-led airstrikes on nuclear facilities in Tehran. The tit-for-tat escalation has raised fears of a broader regional conflict, particularly between Iran and Israel.
Yet, investors appear to be focusing on earnings and tech innovation, shrugging off risks—for now.
🛢️ Crude Oil Falls 4.9% Despite Rising Conflict
- WTI Crude: ⬇️ -4.9% to $70.19/barrel
Traders may be pricing in diplomatic de-escalation or weakening global demand. Interestingly, President Donald Trump urged “everyone” to support low oil prices, attempting to influence sentiment directly.
💸 Bond Yields Drop as Rate Cut Bets Build
- 2-Year Treasury Yield: ⬇️ 7.6 bps to 3.83%
- 10-Year Treasury Yield: ⬇️ 6.5 bps to 4.3%
Fed Vice Chair Michelle Bowman hinted that rate cuts may come as early as the next FOMC meeting—a dovish tone that investors welcomed. She downplayed inflation risks and tariffs, adding to bullish sentiment in US stocks.
📅 All Eyes on Jerome Powell
Fed Chair Jerome Powell is set to testify before:
- 📌 House Financial Services Committee – Tuesday
- 📌 Senate Banking Committee – Wednesday
His remarks could cement expectations for rate cuts in late 2025.
🚀 Stocks in Focus
- Tesla (TSLA): ⬆️ +9.8% after launching Robotaxi ride trials in Texas, which Wedbush analyst Dan Ives said “exceeded expectations.”
- Super Micro Computer (SMCI): ⬇️ -5.9% following a $2B convertible notes offering, raising dilution concerns.
🏠 Economic Data Recap
- US Existing Home Sales: Surprised to the upside in May, despite record-high home prices.
- S&P Global PMI: Indicated slower private-sector growth due to weak exports.
NAR Chief Economist Lawrence Yun noted:
“Persistently high mortgage rates are holding the market back. Lower rates could spark stronger activity.”
🪙 Commodities Snapshot
- Gold: ⬆️ +0.4% to $3,398.30/oz
- Silver: ⬆️ +0.6% to $36.25/oz
📈 Conclusion:
US stocks are showing resilience, fueled by tech gains and Fed optimism, even as global risks grow. Keep an eye on Powell’s testimony and oil market reactions—markets could turn quickly.
👉 For more updates on US stocks, Tesla, the Fed, and global markets, visit StockMarketRulers.com
