Market Recap Week June 2- June 6, 2025

Author

Anna Eisenberg
June 06, 2025

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Anna's Markets Recap

Just facts, you think for yourself

Saturday, 5:15 AM

June 7, 2025

Good morning news friend! Here is a quick recap of what happened in the markets this week. 📰🌟

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What Moved Markets Last Week

U.S. markets ended the week on a watchful note, with all eyes on the jobs report. On Friday, the Labor Department announced that employers added 139,000 jobs in May, beating expectations of 125,000. The unemployment rate stayed at 4.2%. This strong report suggests the Federal Reserve might stick with its "higher for longer" interest rate plan.

Even with that uncertainty, major indices gained for the second straight week. The S&P 500 rose 1.5%, the Dow Jones Industrial Average climbed 1.2%, and the Nasdaq Composite added 2.2%. In the bond market, the 10-year U.S. Treasury yield finished the week at 4.51%.

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Tech and Growth Stocks

The tech sector was busy. Investors are still focused on AI, and company news drove most of the action.

  • Apple (AAPL) gained nearly 2% as investors looked ahead to its Worldwide Developers Conference starting on June 9. The market is waiting to see Apple’s AI strategy for the iPhone and Siri.

  • NVIDIA (NVDA) saw some volatility but was boosted by CEO Jensen Huang’s comments on June 5 about sustained demand for AI chips.

  • Microsoft (MSFT) hit an all-time high, closing at $470.38 on Friday. Its strength comes from the Azure cloud platform and the successful integration of AI across its products.

  • Amazon (AMZN) climbed about 3% on Friday. The big news was a plan to invest over $5 billion in a new AWS cloud region in Taiwan, a strategic move to serve key clients like TSMC.

  • Meta Platforms (META) surged 8.6% for the week. The gains were tied to AI-powered improvements in its advertising business, which is improving ad performance.

  • Alphabet (GOOGL) rose about 3% on Friday after its annual shareholder meeting. But a report noted that while Google's web traffic was flat, competitor ChatGPT's traffic surged, highlighting a key challenge for its core search business.

  • Tesla (TSLA) had a wild ride. The stock fell 14% on Thursday following a public dispute between Elon Musk and Donald Trump. It then rebounded nearly 4% on Friday as the feud cooled. The week ended with news that the head of its Optimus robotics project was leaving the company.

  • Salesforce (CRM) announced it is acquiring data management company Informatica for about $8 billion. This is a major move to strengthen its Einstein AI platform.

  • Netflix (NFLX) stock increased 3.6% for the week, helped by a price target upgrade from DBS Bank and a new partnership with Canal+ to expand in Africa.

  • Broadcom (AVGO) reported solid earnings on Thursday, with AI revenue up 46% year-over-year. But the stock fell 5% on Friday. Investors were hoping for an even bigger beat, showing just how high expectations are for AI-related companies.

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Banks and Financials

Financial firms watched the economic data closely. The interest rate outlook is still uncertain, creating a mixed picture for the sector.

  • Berkshire Hathaway (BRK.B) shares trended lower after UBS trimmed its price target, citing a lower forecast for investment income. Still, UBS kept a 'Buy' rating, pointing to Berkshire's massive $347 billion cash pile.

  • JPMorgan Chase (JPM) CEO Jamie Dimon said his retirement is still "several years away," providing some leadership stability. The bank also announced it's opening 14 new J.P. Morgan Financial Centers, many in former First Republic locations.

  • Visa (V) and Mastercard (MA) are continuing to partner with FinTechs. Visa launched a debit card pilot with Klarna, while Mastercard is working with PayPal to streamline online checkout.

  • Bank of America (BAC) had a notable week after a report that a large investor cut their stake in the company by 39%, suggesting some may see better growth opportunities elsewhere.

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Consumer Goods and Healthcare

This sector saw mixed results as companies dealt with different challenges.

  • Eli Lilly (LLY) rose nearly 6%, continuing its momentum from strong sales of its Mounjaro and Zepbound drugs.

  • UnitedHealth Group (UNH) is in crisis mode. At the annual meeting on June 2, the newly returned CEO apologized for financial missteps. Shareholders showed their frustration by narrowly approving his pay package.

  • Johnson & Johnson (JNJ) had a strange week. The company announced positive results for several cancer drugs on June 3, but the stock barely moved. Ongoing concerns about its talc-related lawsuits seem to be weighing on investor sentiment.

  • Procter & Gamble (PG) stock fell after announcing plans on June 5 to cut 7,000 jobs. The company is restructuring to deal with rising costs and projects its weakest sales growth in seven years.

  • Costco (COST) continued to do well, with analysts maintaining "Outperform" ratings. The company is effectively managing costs and its value-focused Kirkland brand is keeping customers loyal.

  • Walmart (WMT) held its shareholder meeting on June 5. Management's proposals passed easily, while shareholder proposals on ESG issues failed, giving a strong mandate to the current company strategy.

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Energy and Industrials

These sectors are tied to the broader economy and commodity prices.

  • Exxon Mobil (XOM) stock moved with oil prices. The company is focused on a long-term plan to lower its breakeven oil price to $35 a barrel, a move designed to make it resilient to price swings.

  • Home Depot (HD) stock was flat. The housing market is cooling, which presents a challenge. However, analysts believe the company is navigating it well by focusing on its professional customers.

Commodities

Gold prices slipped during the week. After a strong start, prices fell as the strong jobs report raised the possibility of the Fed remaining hawkish, which would strengthen the dollar and make gold less attractive.

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