Stock Market Live June 25: S&P 500 (VOO) Tracks Oil Prices Higher as Israel-Iran Ceasefire Holds
Investing
Live Updates
Live Coverage
Updates appear automatically as they are published.
Newspaper The Oregonian reports that Intel (Nasdaq: INTC) will close its automotive chips division and lay off the majority of workers in that business. The news was first announced in an internal memo to Intel employees.
In a public statement, Intel confirmed: “We are refocusing on our core client and data center portfolio to strengthen our product offerings and meet the needs of our customers. As part of this work, we have decided to wind down the automotive business within our client computing group. We are committed to ensuring a smooth transition for our customers.”
This article will be updated throughout the day, so check back often for more daily updates.
The plunge in oil prices earlier this week gave way to a slight rebound in prices Wednesday. Per-barrel prices of both WTI crude oil and Brent crude, the international benchmark, rose 0.3% in pre-market trading. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is following suit, rising 0.3% in premarket trading.
A truce between Israel and Iran, curiously declared by America’s President Trump Monday night, is buoying investor confidence that there will not be an oil supply crisis after the U.S. bombed Iranian nuclear facilities Sunday. This confidence led to a dramatic selloff in oil prices this week, which have now fallen more than 12% over the past two days.
Even more curious is a post on Truth Social from President Trump yesterday, which declared: “China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the US, also.”
The apparent implication: Not only is the missile war between Israel and Iran cooling off, but the trade war between the U.S. and China may be cooling as well.
Earnings
In earnings news, S&P 500 component company FedEx (NYSE: FDX) reported a beat for its fiscal Q4 2025 last night, with both profits and revenue ahead of expectations. Unfortunately, FedEx then warned that fiscal Q1 2026 could see revenue flat year over year. FedEx said full-year fiscal 2026 profits will range from $2.90 to $3.50 per share.
Another S&P 500 component, General Mills (NYSE: GIS), had a similar report this morning. The cereal company said its Q4 2025 profit was $0.73 per share, three cents better than expected. However, organic sales growth for fiscal 2026 looks flat, and “adjusted” diluted EPS may fall 10% to 15% in constant currency terms.
Analyst calls
Goldman Sachs upgraded S&P 500 component Duke Energy (Nasdaq: DUK) stock to buy this morning to buy this morning with a $132 price target. Goldman sees a positive “outlook from a load growth, generation capex, regulatory and balance sheet” perspective, and calls Duke’s valuation “compelling … at a discount to other premium utilities” stocks.
Most People Don’t Realize How Cheap Money Is Right Now
Millions of Americans have missed the best money opportunity right under their noses. Personal loan ares are shockingly affordable today, and can be a secret weapon for that home improvement project, paying off a credit card, or covering an unexpected emergency.
With rates starting at just 6.40% APR, frankly it’d be crazy to not consider one. It’s the smart time to take action. Compare top loan offers in under 2 minutes—with zero impact on your credit score—and get matched with lenders ready to help you move forward.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
