Market Highlights
Market Highlights
2025-06-16
Wall Street buckled as reports of Iran’s retaliation for Israel’s attack on its nuclear facilities
deepened concerns that the conflict is escalating, with oil jumping and stocks taking a hit.
The S&P 500 lost over 1%, wiping out this week’s advance. Airline and travel companies tumbled,
while energy producers and defense shares rose. West Texas Intermediate crude futures surged
more than 7%, the most since March 2022. Gold hovered near its all-time high. Treasuries fell as a
surge in oil stoked concern about a resurgence in inflation. The dollar edged up.
As markets reopened following a weekend of strikes between Israel and Iran, investors held back
on making big bets in either direction. Chinese stocks swung between gains and losses. European
equity futures edged lower. The dollar was little changed, while gold held near a record high.
2025-05-30
Wall Street traders cheering solid results from Nvidia Corp. had to face the harsh reality of slowing
economic data and legal uncertainties around Donald Trump’s trade war. The president told
Federal Reserve Chair Jerome Powell he’s making a mistake for not cutting rates.
The S&P 500 pared most of an advance that earlier approached 1%. A federal appeals court offered
Trump a temporary reprieve from a ruling threatening to throw out the bulk of his tariff agenda.
Treasuries rose on bets the Fed will slash rates twice this year and after a solid $44 billion sale of
seven-year notes. The dollar fell. Asian shares fell on concern President Donald Trump’s tariffs are
here to stay after his administration reiterated its resolve to keep the levies amid a legal tussle.
2025-05-28
Wall Street kicked off the week with a rally in stocks as consumer confidence rebounded sharply
while the US and the European Union sped up trade talks. A global surge in bonds also helped
sentiment.
As equities halted a four-day slide, the S&P 500 climbed 2%. Nvidia Corp. paced gains in megacaps
ahead of its results. Treasuries got a boost, pushing the 30-year yield below 5% on signs Japan will
be ready to calm jittery debt markets. The moves in the US extended after a sale of two-year notes
was met with solid bidding metrics. The dollar rose against all developed-market currencies.
2025-05-27
European stocks climbed along with US equity futures after President Donald Trump extended a
deadline on aggressive euro area tariffs, reinforcing a pattern of leaving markets guessing by
making trade threats before backtracking.
The Stoxx Europe 600 index erased Friday’s losses sparked by Trump’s threat of 50% tariffs on the
European Union. The US President later said he had agreed to delay the date for the levies to July 9
from June 1. Contracts for the S&P 500 and the Nasdaq 100 advanced more than 1%. A gauge of the
dollar hovered near its lowest level in almost two years. Cash Treasuries didn’t trade due to
holidays in the UK and US.
Bonds rallied worldwide after Japan indicated it’s looking to stabilize its debt market after weeks of
selloff. The dollar rebounded.
2025-05-26
Wall Street was rattled by President Donald Trump’s threats to impose aggressive tariffs on the
European Union and Apple Inc., with stocks falling and the dollar hitting its lowest level since
December 2023.
The S&P 500 extended losses into a fourth straight day as Trump said he’s “not looking for a deal”
with the EU, reiterating tariffs would be set at 50%. Earlier Friday, the market got some relief as
Treasury Secretary Scott Bessent said the US could strike “several large” trade deals in the next
couple of weeks. Apple fell 3% to lead declines in tech giants. United States Steel Corp. soared 21%
as Trump announced his support for a partnership with Nippon Steel Corp.
2025-05-23
Wall Street struggled to regain confidence in the wake of a Treasury selloff that shook markets
amid fiscalconcerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar
rose.
After a brief pause in equity selling, the S&P 500 lost steam to finishlower for a third consecutive
day. That’s the longest slide since April 8, when the gauge closed on the brink of a bear market.
While the cohort of big techs outperformed, a decline in Apple Inc. late in the session soured the
mood. That’s even as long-term government bonds rebounded, with 30-year yields falling after
approaching levels last seen in 2007.
2025-05-22
Wall Street’s worries about a ballooning deficit that threatens America’s status as a safe haven
were reflected in a $16 billion Treasury sale that saw lackluster demand - with stocks, bonds and
the dollar falling.
Treasuries got hit after a weak auction of 20-year bonds, whose 5% coupon rate was the highest
since the tenor was reintroduced in 2020. Long-term debt bore the brunt of the selling, with 30-
year yields jumping over 10 basis points. The S&P 500 fell 1.6%. The Nasdaq 100 lost 1.3%. The Dow
Jones Industrial Average slipped 1.9%.
2025-05-21
Wall Street’s rally took a breather on Tuesday, with stocks falling as traders awaited fresh catalysts
after a six-day run that put the S&P 500 up almost 20% from its April lows.
The US equity benchmark lost steam following an $8.6 trillion surge to around “overbought” levels.
A slide in its most-influential group - big tech - weighed on trading, with Alphabet Inc. down 1.5%
amid the company’s developer conference. Tesla Inc. was the only megacap gaining as Elon Musk
said he’s committed to leading the electric-vehicle giant fiveyears from now.
2025-05-20
A renewed wave of dip buying fueled a rebound in stocks, with traders looking past the US credit
downgrade by Moody’s Ratings that had earlier sent bond yields jumping. The dollar fell.
After a morning slide that topped 1%, the S&P 500 rose for a sixth straight day to close on the brink
of a bull market. Several Wall Street strategists said any pullback could be a buying opportunity
amid momentum fueled by the recent easing of global trade tensions. Treasuries also bounced
across the curve, following a selloff that briefly drove 30-year yields above 5%.
2025-05-19
Stocks dropped in late hours and bond yields climbed after the US was downgraded by Moody’s
Ratings amid concerns about the increase in government debt that threatens America’s status as
the world’s safe haven.
The $606 billion SPDR S&P 500 ETF Trust tracking the equity benchmark fell about 1% after the close
of regular trading. Treasury futures slid to session lows after the Moody’s statement, with the
market notching its third straight week of losses — the longest slide this year.
2025-05-16
Wall Street traders sent bond yields lower as stocks bounced after tame inflation data combined
with lackluster readings on retail sales and manufacturing bolstered the case for Federal Reserve
rate cuts this year.
The S&P 500 was little changed. The Nasdaq 100 slid 0.1%. The Dow Jones Industrial Average
wavered. UnitedHealth Group Inc. sank 15% on a report it was under criminal investigation for
possible Medicare fraud. Foot Locker Inc. soared 85% as Dick’s Sporting Goods Inc. reached a $2.4
billion deal to acquire the retailer.
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