S&P 500 (NYSEARCA: SPY) Live: Markets Attempt Gains Amid Signs of Economic Relief

By Gerelyn Terzo Updated Jun 12, 12:18PM EDT · Published Jun 12, 10:19AM EDT

Key Points

The broader markets are attempting gains after coming out of the gate lower.
Inflation continues to show signs of cooling, with the latest surprise coming from wholesale prices.

Live Updates

Fed Focus

Jun 12, 2025 at 12:18 PM EDT | Gerelyn Terzo

President Trump has ramped up his calls for the Fed to cut interest rates when they meet next week. This comes after recent economic data showed inflation easing further at both the consumer and producer levels. He noted, regarding policymakers, that “We could save $300 billion dollars if they lower it just one point.” Imagine what could happen if they lowered by 2 points. The Fed Funds rate continues to hover in the 4.25%-4.50% range.

The SPY ETF is now up 0.28%.

Market Winners

Jun 12, 2025 at 11:39 AM EDT | Gerelyn Terzo

Oracle (Nasdaq: ORCL | ORCL Price Prediction) continues its post-earnings ascent, showing a gain of 13.7% at the latest check.

Cardinal Health (NYSE: CAH) is also performing well, up 3.5% after elevating its fiscal year 2025 guidance, citing strong cash flow among other favorable factors.

Newmont Mining (NYSE: NEM) has risen 3.4%, nearing its 52-week peak.

The SPY ETF is currently up 0.12%.

HSBC Turns Bullish

Jun 12, 2025 at 10:19 AM EDT | Gerelyn Terzo

A fresh perspective from HSBC’s Max Kettner suggests a strategic move to “buy the dip” in the stock market before Q2 earnings kick off. Kettner’s team upgraded their stance on U.S. equities from “neutral” to “overweight,” citing a boost in AI enthusiasm and the influence of a softer dollar as key drivers. The SPY ETF is barely eking out a gain, but it’s still positive.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are trading mixed after President Trump’s latest threat of unilateral tariffs. While all three major U.S. stock averages — the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average — were initially moving lower in sync, the broader market is attempting gains, as is the tech-heavy Nasdaq Composite. The SPDR S&P 500 ETF (SPY) is up 0.03% as the broader market fights off earlier losses.

A devastating incident involving a Boeing 787 Dreamliner has shaken the markets. An Air India flight bound for London’s Gatwick Airport reportedly crashed with hundreds on board. While details are still emerging, officials have described the accident as “tragic.” Boeing (NYSE: BA) stock is sharply lower by 5.2% today, weighing on the Dow Jones Industrial Average.

This morning, most of the Magnificent 7 stocks are trading lower, with Microsoft (Nasdaq: MSFT) a slight exception with a fractional gain. Meanwhile, Oracle (Nasdaq: ORCL) is a standout performer, jumping 11% after reporting stronger-than-expected quarterly earnings. Oracle’s leadership is optimistic, forecasting “dramatically higher” revenue ahead.

On the economic front, signs point to easing inflation. Wholesale prices, as measured by producer prices, increased by just 0.1% last month, coming in weaker than the expected 0.2% rise. This follows yesterday’s cooler-than-expected consumer prices data, collectively strengthening the argument for an interest rate cut when the Fed’s FOMC members meet next week.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 119.64 (-0.28%)
Nasdaq Composite: Up 22.96 (+0.11%)
S&P 500: Up 1.60 (+0.03%)

Market Movers

Citi analysts have maintained their “neutral” rating on Palantir Technologies (Nasdaq: PLTR), citing continued optimism on fundamentals but expressing concerns about the stock’s elevated valuation.

Morgan Stanley remains quite positive on AI leader Nvidia (Nasdaq: NVDA), reiterating an “overweight” rating and calling it a “top idea.”

Barclays also reiterated an “overweight” rating on Oracle following the cloud company’s impressive earnings report.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.