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Stock Market 15 March 2025 - 9 June 2025
Ikeda’s California Country Market was named the top pie shop in the USA Today reader poll, gaining national attention. U.S. stocks fell sharply after the Federal Reserve kept rates unchanged but signaled a more hawkish stance, with ServiceNow, SpaceX, Ford, and Rocket Companies among those declining. SpaceX dropped about 5%, losing ground to Amazon in market value. Coeur Mining fell 6.8% despite news it will join the S&P MidCap 400, while Coherent shares dropped even after U.S. funding news for its Texas plant. The Dow, S&P 500, and Nasdaq all closed lower, with the Fed projecting higher rates and inflation into 2026. Vertiv shares rose 7% amid a focus on valuation in AI-infrastructure stocks. Nebius surged after acquiring Eigen AI and moving toward Nasdaq-100 inclusion. TD reached a 52-week high as Canadian banks outperformed. MP Materials rose 9% after G7 and Pentagon support for critical minerals. Coupang jumped 8.3% despite a $410 million privacy fine. Fermi gained 12.8% amid a boardroom battle. ASML rose over 4% on bullish AI chip equipment spending forecasts but faces risks from China export controls. Smartbird (formerly Allbirds) soared 50% after a CEO change and AI pivot. Rackspace jumped 33.8% on an AMD AI-compute deal. AT&T fell 3.8% as it announced a CFO transition. Applied Materials rose 6.7% after a Citi price target hike citing AI demand.