Markets Flat on No Economic or Trade News; Apple Flops at WWDC

Monday, June 9, 2025Market indexes closed off their highs on a mild day of trading to start a new week on the stock market. The small-cap Russell 2000 index took an early lead and kept up the strength it’s been demonstrating over the past month, +10% (though still -4% year to date). The S&P 500 remained above the 6000 threshold, albeit narrowly.The Dow came in unched at 0.00% today, partly due to to a -1.2% drop at Apple AAPL following its lackluster performance during its Worldwide Developers Conference (WWDC) today, which unveiled its new Liquid Glass software design and iOS revamp, but was light on details how it would compete on the AI front. Apple shares are now down -29.5% from 52-week highs reached the day after Xmas last year.The S&P only gained +0.09% on the day, while the Nasdaq grew +61 points, or +0.31%, on the session. The Russell, propelled again by Direct-to-Consumer telehealth firm Hims & Hers HIMS up another +0.9% (+135% year to date), rose +0.57% today, leading the major indexes this Monday. Tariff News TodayWe saw no new trade deals made today, though market participants remain positive that they will be forthcoming. Aside from an outline of an agreement with Great Britain, the U.S. has forged no trade deals since his launch of massive reciprocal tariffs on all of its trading partners for “Liberation Day” on April 2nd. One week later, President Trump paused these tariffs for 90 days.Incidentally, this means the pause on these draconian tariff levels expires one month from today. We expect that the closer we get to this date without any major trade deals being inked, this positive sentiment among traders and investors may begin to move the opposite direction. Indexes over the past month are up between +3.7% (Dow) and +9.3% (Nasdaq). Earnings Report After the Close: CASY Up +7%Casey’s General Stores CASY reported a robust fiscal Q4 after today’s close, with earnings of $2.63 per share beating the Zacks consensus by a whopping 70 cents and swinging to positive earnings growth of +12.4% year over year. Revenues of $3.99 billion outstrode the $3.97 billion analysts were looking for.Same-store sales increased +1.7% and the Midwestern convenience store chain upped its dividend another +14% to 57 cents per share — its 26th-straight increase. This marks the eighth straight quarterly earnings beat. Casey’s shares are now trading at new all-time highs.Questions or comments about this article and/or author? Click here>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Casey's General Stores, Inc. (CASY): Free Stock Analysis Report Hims & Hers Health, Inc. (HIMS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks