Today’s Market ActionI’ll use my best judgment to complete the article based on the information gathered.
Major Indexes Poised for Mixed Start as Trade Talks and Boeing Crash Impact Markets
U.S. stock futures are pointing to a mixed open on Friday, June 13, 2025, as investors digest the latest developments in U.S.-China trade negotiations and react to yesterday’s Air India Boeing crash. The stock market today faces crosscurrents from strong corporate earnings and ongoing geopolitical tensions.
As of early morning trading, futures tied to the Dow Jones Industrial Average are down 0.4%, while S&P 500 futures have slipped 0.3%. Nasdaq Composite futures are showing slightly better resilience, down just 0.2%, as technology stocks continue to find support from AI-related optimism.
The S&P 500 closed Thursday at 6,038.81 points, up 0.28%, while the Nasdaq gained 0.22% to 19,658.98 points. The Dow Jones Industrial Average finished the previous session up 0.14% at 42,926.15 points.
Premarket Movers: Boeing Slides While Oracle Continues to Soar
Among the notable premarket movers this morning, Boeing (BA) remains under pressure, extending yesterday’s 4% decline following the crash of an Air India Boeing 787-8 Dreamliner in India. The aircraft, carrying 242 passengers and crew, crashed shortly after takeoff from Ahmedabad. Boeing shares are down an additional 7.5% in premarket trading as investigators begin to examine the cause of the crash.
The incident has also impacted Boeing suppliers, with GE Aerospace (GE) down 4.6% premarket after falling more than 2% yesterday. Spirit AeroSystems (SPR) is also extending its losses from Thursday’s 3% decline.
On the positive side, Oracle (ORCL) continues to surge, up nearly 9% in premarket trading after yesterday’s impressive 14% gain. The cloud computing giant reported better-than-expected fourth-quarter earnings and raised its annual revenue growth forecast, driven by strong demand for its AI-related services. Oracle’s adjusted earnings of $1.70 per share topped analysts’ expectations of $1.64, while revenue came in at $15.9 billion versus the $15.6 billion consensus estimate.
Trade Talks and Economic Data in Focus
The markets today continue to be influenced by developments in U.S.-China trade relations. This week, officials from both countries reached the framework for a trade agreement that still requires final approval from President Donald Trump and China’s Xi Jinping. The potential resolution has helped push the S&P 500 to within 2% of its February record high.
Thursday’s economic data showed that producer prices came in slightly better than expected, while weekly jobless claims matched economists’ estimates. This follows Wednesday’s consumer price index report, which revealed that inflation rose less than expected in May despite concerns about the impact of tariffs.
Investors will be closely watching today’s release of the preliminary University of Michigan Consumer Sentiment Index for June, expected at 10:00 AM ET. The previous reading stood at 52.2, and any significant change could influence market news today as traders assess consumer confidence amid trade tensions and inflation concerns.
Tech Sector Remains Resilient Amid Market Volatility
The technology sector continues to show resilience in the current stock market live environment. Major tech companies are showing mixed performance in premarket trading, with Microsoft (MSFT) and Nvidia (NVDA) building on yesterday’s gains of more than 1% each. Broadcom (AVGO) is also extending its positive momentum from Thursday.
However, other tech giants including Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), and Meta Platforms (META) are showing slight declines in premarket trading. Tesla (TSLA) is also down marginally after a four-session winning streak that helped the electric vehicle maker recover most of the ground lost during last week’s sell-off following CEO Elon Musk’s public disagreement with President Trump.
“Oracle is another piece in the mosaic of AI capex spending and the ongoing need for more compute that feeds into the AI revolution,” said Art Hogan, chief market strategist at B. Riley Wealth. “When the winds blow in that direction, you’re definitely going to see the key players like Microsoft and Nvidia also catch that tailwind.”
Other Notable Market Movers and Developments
GameStop (GME), the meme stock and video game retailer, is down almost 16% in premarket trading after announcing plans to sell $1.75 billion of convertible senior notes. The company stated that proceeds would be used for “general corporate purposes, including making investments,” potentially including buying bitcoin.
In the biotech sector, CureVac shares have jumped 30% after Germany’s BioNTech agreed to acquire the clinical-stage company in an all-stock deal valued at $1.25 billion. Meanwhile, shares of BioNTech were fractionally lower in premarket trading.
Gold miners are also seeing positive momentum following Thursday’s gains. The precious metal hit a one-week high amid Middle East tensions and trade uncertainties, benefiting companies like Newmont (NEM), Harmony Gold, and AngloGold Ashanti (AU).
Federal Reserve and Interest Rate Outlook
With inflation data coming in softer than expected and signs of potential weakening in the labor market, traders are increasingly betting on Federal Reserve interest rate cuts later this year. Current projections show a 60% chance of a 25-basis-point cut by September, according to the CME Group’s FedWatch tool.
Fed policymakers are widely expected to keep rates unchanged at next week’s policy meeting, but investors will be closely analyzing the central bank’s statements for any hints about the timing of potential rate cuts.
Goldman Sachs recently trimmed its U.S. recession probability to 30% from 35%, citing easing uncertainty around President Trump’s tariff policies. This improved economic outlook could provide additional support for markets today as investors navigate the current landscape of trade negotiations, corporate earnings, and geopolitical developments.
As the trading day unfolds, market participants will continue to monitor developments related to Boeing’s crash investigation, U.S.-China trade talks, and any unexpected corporate announcements that could influence the direction of the stock market today.