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Stock market turns positive YTD
Hope you're having a great Sunday! ☕📈
Here’s your weekly market recap, bringing you the biggest updates in stocks, crypto, and the economy—quick, clear, and to the point.
Stock Market
Index | Week | Month | Year |
|---|---|---|---|
DOW | +3.41% | +8.97% | +6.63% |
S&P 500 | +5.27% | +12.79% | +12.35% |
NASDAQ | +7.15% | +17.96% | +15.13% |
FTSE 100 | +1.52% | +4.94% | +3.14% |
STOXX 50 | +2.22% | +9.97% | +7.18% |
NIKKEI 225 | +0.67% | +8.71% | -2.66% |
Stocks Headlines
$UNH ( ▲ 6.4% ) : UnitedHealth CEO Andrew Witty will step down in 2025 after leading the company through the Change Healthcare cyberattack. He’ll be succeeded by COO Dirk McMahon on July 1. The company faced criticism for its response to the attack, which disrupted healthcare payments nationwide. Shares fell 3% following the news. The stock is down 50% on the past 6 months.
$COIN ( ▲ 9.01% ) : Palantir Technologies became the newest member of the S&P 500 on September 23, 2024, joining alongside Dell and Erie Indemnity. Fueled by its inclusion and strong Q3 earnings, Palantir's stock surged 266.8% in 2024. The company, known for its data analytics services, has seen accelerated revenue growth, particularly in its commercial sector. Despite this impressive performance, Vistra, a power generation firm, reclaimed the top spot in the S&P 500 with a 302% stock increase, driven by AI-related power demands and rising electricity prices.
$BYDDF ( ▲ 3.93% ) : BYD, China's leading electric vehicle manufacturer and Tesla's main rival, saw its stock climb 12.1% this week. The surge was driven by record-breaking BEV sales, surpassing Tesla's figures, and a 64.6% year-to-date gain. BYD's strong performance highlights its growing dominance in the EV market and investor confidence in its trajectory.
India's Nifty 50 index surged over 1,000 points, crossing the 25,000 mark for the first time. This rally reversed losses since October 2024, fueled by broad-based buying in heavyweight sectors. Analysts suggest the next target could be 25,600, though some consolidation may occur in the near term.
Spotlight
Trump plans to accept a $400M luxury Boeing 747-8 from Qatar as a temporary Air Force One, citing Boeing's delivery delays. Critics raise constitutional concerns over foreign gifts.
Crypto
Asset | Week | Month | Year |
|---|---|---|---|
Bitcoin | -0.24% | +22.10% | +37.32% |
Ethereum | -0.36% | +55.35% | -47.47% |
XRP | +0.88% | +14.42% | +315.10% |
Crypto Radar
MemeCore investors, using aliases like “Ice” and “Ogle”, spent millions on Trump’s $TRUMP coin to win a private dinner with him. The coin raised $312M, but its value dropped from $75 to $13. Lawmakers are concerned about foreign influence and transparency.
Self-proclaimed crypto "gurus" are targeting teens with flashy meme coins, then executing "rug pulls"—cashing out and leaving investors with losses. Influencers like Ice Poseidon and Faze Kay have been implicated. Experts warn these schemes are akin to gambling.
On May 17, Elon Musk changed his display name to "Kekius Maximus" and updated his profile picture to match. This eccentric move triggered a crypto market surge, showcasing Musk's continued influence over digital currencies.
Economy
Region | GDP Growth | Inflation Rate | Interest Rate |
|---|---|---|---|
US | -0.3% | 2.60% | 4.25% |
UK | 0.70% | 2.60% | 4.50% |
EU | 0.30% | 2.20% | 2.40% |
Economic News
Moody’s downgraded the U.S. credit rating from AAA to Aa1, citing soaring federal deficits and a national debt expected to reach 134% of GDP by 2035. The move reflects concerns that interest payments could consume up to 30% of federal revenue, limiting room for public investment and increasing pressure on future budgets. It’s a warning signal about the long-term sustainability of U.S. fiscal policy.
U.S. GDP growth is projected to slow to just 1.4% in 2025, down sharply from 2.5–3% in recent years. Economists attribute the slowdown to renewed Trump-era tariffs, which are creating uncertainty for businesses and consumers. This is leading to reduced investment and hiring, even as inflation stabilizes. The data suggests a soft landing is possible, but policy missteps could push the economy toward a deeper slump.
Global growth is now forecast at just 2.3%–2.8% for 2025, according to the IMF and United Nations, marking a cut from earlier projections. The revision is driven by trade wars, policy uncertainty, and slowing investment, especially in emerging markets. Global trade volumes are shrinking, and supply chain disruptions persist. The outlook raises fears of stagnation without strong fiscal and policy intervention.
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Disclaimer:
We are not financial advisors, and the information provided in this newsletter is for educational purposes only. Always conduct your own due diligence and consider what makes sense for your individual financial situation. Investing involves risks, and there is no guarantee of making money. In fact, you may lose money. We aim to provide you with the tools and insights to help you make informed decisions, but the ultimate responsibility lies with you.