Top Stock Movers – June 27, 2025
U.S. stocks surged Friday as news of a breakthrough in U.S.-China trade negotiations lifted market sentiment. Both the S&P 500 and Nasdaq Composite hit fresh record highs midday, buoyed by optimism over future deals and strong corporate earnings from Nike.
Nike (NKE) led gains across major indexes after posting upbeat quarterly results and outlining a promising outlook that suggests its turnaround strategy is gaining traction. Shares soared after the company also revealed plans to counter the impact of recently announced tariffs.
Boeing (BA) saw renewed investor interest, climbing on expectations that the U.S.-China trade pact will boost aircraft sales to China.
Cyngn (CYN) continued its meteoric rise, extending Thursday's 171% rally after announcing a partnership with Nvidia (NVDA) focused on autonomous industrial vehicle technology.
In contrast, mining stocks, including Newmont (NEM) and Freeport-McMoRan (FCX), slumped as gold and other precious metal prices tumbled following the trade news.
Shares of MP Materials (MP) and USA Rare Earth (USAR) also declined sharply as China committed to easing export restrictions on rare earth minerals commodities both companies heavily rely on.
Bio-Techne (TECH) dropped after a note from Stifel warned of macroeconomic challenges weighing on the life sciences sector.
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