Stock Market Live UpdatesMajor Indexes Retreat at the Opening Bell
U.S. stock markets opened lower on Thursday, June 12, 2025, as investors digested a tragic airline crash, fresh inflation data, and ongoing trade negotiations. At the market open, the Dow Jones Industrial Average fell sharply, dragged down by Boeing’s steep decline. The S&P 500 dropped below the 6,000 mark, while the tech-heavy Nasdaq Composite also retreated from yesterday’s levels.
Boeing (BA) shares plummeted nearly 8% at today’s market open after an Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Ahmedabad, India. The aircraft, carrying 242 passengers and crew bound for London Gatwick, crashed in a civilian area near the airport, with India’s health minister confirming “many people” were killed.
“It’s a knee-jerk reaction to the incident and there’s revised fears of the problems that plagued Boeing aircraft and Boeing itself in recent years,” said Chris Beauchamp, analyst at IG Group.
Economic Data Shows Modest Inflation
The U.S. Bureau of Labor Statistics released the Producer Price Index (PPI) data this morning, showing a modest 0.1% increase in May, below economists’ expectations of 0.2%.
The increase in producer prices was led by a 0.1% rise in services prices and a 0.2% increase in goods prices.
“With all the things going on, the economy slowing, earnings growth likely to slow, lots of trade negotiations to still work through, is there really a good reason to take a run at the record high? I don’t know about that. It makes a lot of sense to me that we’d be choppy and maybe see a little downside here,” Scott Wren, senior global market strategist at Wells Fargo, told CNBC.
Chime Makes Nasdaq Debut
In today’s market news, online banking services provider Chime is making its Nasdaq trading debut after pricing its IPO at $27 per share, above the expected range. The offering values the company at $11.6 billion, significantly below its last private valuation of $25 billion in 2021.
Chime’s public debut will test investor appetite for consumer-facing finance companies following recent successful IPOs from eToro and Circle, which saw their shares pop 29% and 168%, respectively, in their trading debuts.
Trade Negotiations in Focus
Investors continue to monitor developments in U.S.-China trade relations. Treasury Secretary Scott Bessent signaled on Wednesday that the 90-day pause on reciprocal tariffs could be extended for 18 of the United States’ “important trading partners” who are “negotiating in good faith.”
Meanwhile, Commerce Secretary Howard Lutnick clarified that U.S. tariff levels on China will not change, despite former President Trump’s social media post claiming “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%.”
Oil Prices Remain Elevated
In the commodities market today, crude oil futures remained elevated after jumping more than 4% on Wednesday amid rising tensions between the U.S. and Iran. Trump expressed doubt that the two countries could reach a nuclear deal, further pressuring energy markets.
Looking Ahead
As the stock market live session continues, investors will be closely watching Boeing’s stock performance and any updates regarding the Air India crash investigation. The S&P 500 remains about 2% below its late February record high, and market participants are weighing whether current economic conditions support another push toward new highs.
The Federal Reserve is expected to keep its benchmark overnight interest rate in the 4.25%-4.50% range at next Wednesday’s meeting, with economists anticipating a potential resumption of monetary policy easing in September.
With inflation data coming in below expectations and ongoing trade negotiations creating uncertainty, markets today are likely to remain volatile as investors navigate these complex economic crosscurrents.