Trump pushes for interest rate cuts: Wall Street is on a high!

Trump pushes for interest rate cuts: Wall Street is on a high!

On June 26, 2025, Wall Street remains optimistic as US President Trump made a new statement in favor of lower interest rates. He would also like to bring forward the appointment of a successor to the current Fed chief Jerome Powell. These policy developments provide even more hope for rate cuts at the next central bank meeting in July, with the probability of a rate cut estimated at over 20%. Loud n-tv US stock markets are trending in a friendly manner. The Dow Jones index recorded an increase of 0.9% and reached 43,387 points.

At the same time, the S&P 500 and Nasdaq indices improve by up to 1.0%. What is particularly notable is that the Nasdaq 100 index is at a record high, while other indices such as the Nasdaq Composite and S&P 500 are just below. On the NYSE, positive price movements dominated with 2,203 price winners, while only 568 stocks are in the red. These market conditions are correlated with robust economic data: May durable goods orders exceeded expectations and weekly initial jobless claims fell more than expected.

Economic framework conditions

Revised US GDP figures show a 0.5% decline in the first quarter. Despite this adjustment, the market remains optimistic, supported by the weak dollar. The euro is trading above $1.17, while the dollar index is down 0.4%. In addition, ten-year yields in the US bond market fell by 3 basis points to 4.26%.

Oil prices show a slight increase: US WTI oil rose by 0.7%. Despite the positive economic signals, some technology stocks fail to convince. Although Micron Technology exceeded expectations, the share price fell by 1.0%. Only Nvidia improved by 0.5% and is now the most valuable company in the world with a market capitalization of $3.8 trillion.

Stocks in focus

Apple, on the other hand, is down 0.3% after JP Morgan lowered its price target. However, Meta Platforms is up 2.5% due to poaching of experts from OpenAI. Tesla faces a 0.6% decline after a key confidant of CEO Elon Musk left the company. In positive news, H.B. Fuller, whose stock rises 10.8% after raising its outlook.

Worthington Steel reports a rise in profits and a share price increase of over 20%. Jefferies was also able to post an increase of 0.3% despite missing forecasts. Walgreens Boots Alliance benefited from an increase in sales, sending the stock up 0.6%. These developments round off an overall positive trading day, with marketplace participants looking optimistically to the future.