The stock market climbed on Thursday amid persistent worries on tariffs, inflation and geopolitical tensions. President Donald Trump is also reportedly getting closer in replacing Federal Reserve Chair Jerome Powell due to his “wait and see” approach on interest rates.
Overall, S&P 500 grew 0.8% to 6,141, while NASDAQ rose 1.0% to 20,168.
Tweet of the Day
Nebius $NBIS is one of the hottest stocks around.
MarketSmith shows it has an A+ rating for Accumulation /Distribution.
But, since its from the Netherlands, Refinitiv doesn’t have good earnings estimates for the company, which hampers my research efforts. https://t.co/GTyufyPIpM
— David Sharek (@GrowthStockGuy) June 23, 2025
Chart of the Day
Here is the one-year chart of McDonald’s (MCD) as of May 27, 2025, when the stock was at $315.
McDonald’s had a tough quarter as it missed its goals for both profit and revenue. Overall, profits declined by 1% year-over-year and revenue fell by 3%.
The main reason was fewer visits from low and middle-income customers, who are being careful with money because of inflation and worries about the economy.
Global sales dropped 1%. In the US, sales fell 4%, the worst since the pandemic. These declines show that people are cutting back, even on affordable meals like fast food. Rising food costs, especially in Europe, also hurt profits.
While deals like the $5 meal and the popular Minecraft promotion helped, they were not enough to make up for lower demand and higher costs.
MCD is part of our Conservative Growth Portfolio.
