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Stock Market 15 March 2025 - 31 May 2025
QuantumScape shares rose 16.52% to $8.04 after Honda R&D signed a multi-year joint research agreement with the company, following technical evaluation and benchmarking. Investors are watching to see if this deal signals commercial progress. Accenture shares fell 17.97% to $127.98 and are now 24.8% below their June 12 close. The company reported $18.72 billion in quarterly revenue and signed $19.32 billion in new business. The Cboe Volatility Index dropped 11.06% to 16.40 after a U.S.-Iran deal and the reopening of the Strait of Hormuz eased oil and inflation concerns, though some market participants believe short-term options activity and dealer hedges may be influencing volatility. Jersey Mike’s debuted in the ACSI quick-service rankings with the top score of 84, just ahead of Chick-fil-A at 83, reflecting U.S. diners’ increasing focus on fast-food prices, service, and consistency. The Nasdaq climbed 1.91%, the S&P 500 rose 1.08%, and the Dow gained 0.14%. Intel shares jumped 10.6% after President Trump announced Apple plans to collaborate with Intel on U.S. chip design and manufacturing, though no commercial details were provided. Kardigan, a biotech firm, finished its first trading session at $22, up 37.5% from its $16 IPO price, raising $400 million. Tenon Medical shares dropped 41.9% to $0.35 on heavy volume, while Cisco ended a four-day losing streak, rising 1.88% to $119.54. Rocket Lab closed at $107.24, down 0.7%, ahead of its entry into the Nasdaq-100.