Market Wrap | S&P 500 Dips Amid Fed Rate Cut Speculation Broadcom AI Sales Boost Stock

Market BriefWednesday, Jun 11, 2025 6:02 pm ET
1min read

On June 11, 2025, the S&P 500 Index fell by 0.27%, the Dow Jones Industrial Average remained unchanged, and the Nasdaq Composite Index dropped by 0.50%. The market sentiment was influenced by calls for Federal Reserve rate cuts, with Trump urging a 1% reduction following favorable Consumer Price Index (CPI) data. Traders have increased their bets on Fed rate cuts, anticipating two cuts this year after May's CPI data showed lower-than-expected growth. This reflects growing concerns over economic resilience amidst ongoing inflation challenges.

The materials, real estate, and consumer goods sectors underperformed the S&P 500, while the utilities, healthcare, energy, and industrial sectors saw gains.

Broadcom's stock surged by 3.38% today, driven by the company's impressive AI-fueled sales growth. This significant increase in revenue has bolstered investor confidence, leading to a robust performance in the market.

Catheter Precision's stock surged by over 165% today, driven by a substantial purchase order from VIVO. Jupiter Neurosciences Inc (NASDAQ:JUNS) also saw a significant rise, with its stock increasing by nearly 106%. Meanwhile, CARISMA Therapeutics experienced a sharp decline, with its stock closing the regular session down by 45.66%. LeddarTech Holdings faced a challenging day, with its stock dropping by 38.40% following failed commercial discussions and workforce layoffs.

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