NASDAQ:AAPL 29 May 2025 - 20 June 2025

Nasdaq 100 futures fell nearly 3% before the open on June 23, with traders retreating from AI-focused tech stocks. SpaceX lost over $600 billion in market value in the last three sessions, and South Korea’s KOSPI dropped 9.99% after sharp declines in Samsung Electronics and SK Hynix. Fomo, a crypto trading app, raised $75 million in Series B funding led by Index Ventures, reaching a $550 million valuation with participation from Union Square Ventures, Benchmark, and notable angel investors. Apple ended Monday down 0.3% at $297.01 but outperformed the broader Nasdaq and other major tech stocks, remaining up about 2% over the past five sessions. Jefferies expects index funds to execute about $350 billion in trades at the upcoming Russell index reshuffle, with SpaceX set to join the Russell 1000. Apple finished the previous week just under $300, supported by a tech rebound, while investors debate whether higher device prices can sustain margins amid rising memory costs. U.S. markets reopened after the Juneteenth holiday, with the S&P 500 up 0.93%, Nasdaq up 2.43%, and Dow up 0.71% last week. May PCE inflation data and Micron’s earnings are upcoming catalysts. Trump’s financial disclosures revealed large transactions in Nvidia, Apple, and an S&P 500 index fund, and family holdings in Trump Media and American Bitcoin. Congressional filings show significant stakes in major tech companies and recent options activity. Intel’s stock surged 10.64% after President Trump said Apple would collaborate with Intel on U.S. chip design, though details remain unconfirmed.