Top Stock Movers – June 18, 2025
U.S. stocks advanced by midday Wednesday as investors awaited the Federal Reserve’s interest rate decision. The rally came amid renewed pressure from President Donald Trump, who once again urged Fed Chair Jerome Powell to cut rates.
The Dow, S&P 500, and Nasdaq all traded higher, with tech and financial stocks contributing to the gains.
Jabil and Oracle Climb on Bullish Analyst Calls
Shares of Jabil (JBL) extended their upward trajectory, hitting fresh all-time highs after UBS hiked its price target by 33%. The firm cited booming demand for artificial intelligence-related products as a key driver behind Jabil’s growth.
Oracle (ORCL) also surged following an upgrade from Guggenheim, which forecasted robust revenue expansion for the software giant over the next two fiscal years.
Stablecoin Legislation Lifts Circle and JPMorgan
Crypto-linked equities got a boost as Circle Internet Group (CRCL) rose on news that the U.S. Senate passed new stablecoin legislation. Shares of JPMorgan Chase (JPM) also ticked up after the bank revealed its own blockchain-based digital dollar yesterday.
Zoetis Slides on Stifel Downgrade
Animal health company Zoetis (ZTS) slipped after analysts at Stifel lowered their rating, citing growing competition that could hamper revenue growth. The bearish outlook dragged the stock down sharply in early trading.
Allstate Warns of Major Losses
Shares of Allstate (ALL) fell after the insurance company disclosed an estimated $777 million in catastrophe-related losses for May, largely due to severe weather events.
Steel Dynamics Falls Despite Optimism on Future Outlook
Steelmaker Steel Dynamics (STLD) edged lower after issuing weaker-than-expected guidance for the current quarter. However, the company maintained a positive longer-term view for its steel and aluminum segments.
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